Potential Reversal Zone (PRZ)- 18500
- The index has broken major resistance 18500 which confirms short term bullishness , a jump till 18750/19150 is possible . 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/ minor support is around 18180
It is good to buy at dips around 18450-500 with SL around 18180 for the TP of 19150.
The material has been provided by InstaForex Company – www.instaforex.com