Potential Reversal Zone (PRZ)- 18500
- The break above 18500 will take the index to next target at 18750/19150.
- Any close above 19200 confirms further bullishness and above this level it can reach till 19400.
- On the downside major trend line support is around 17900 (trend line joining 16900 and 17750) and break below will drag the index till 17380/17190/16900.
It is good to buy at dips around 18150-200 with SL around 17890 for the TP of 18450/18750.
The material has been provided by InstaForex Company – www.instaforex.com