- Harmonic Pattern Formed- Bullish Cypher pattern
- Potential Reversal Zone (PRZ) – 6125.
- The index has made a high of 6447 and declined till 6196 from that level. It is currently trading around 6284.
- Overall trend is bullish as long as support 6050 holds.
- On the higher side major resistance is around 6330 and break above targets 6370/6420/6450.
It is good to buy at dips around 6125-30 with SL around 6050 for the TP of 6300/6330.
The material has been provided by InstaForex Company – www.instaforex.com