• Major support -16500 ( 7 day EMA)
  • The index has broken major resistance 17035 and jumped till is currently trading around 16908.
  • The index is facing minor resistance around 17200 and any break above targets 17400/17780.
  • On the lower side minor support is around 16500 and break below targets around 16200/16000/ minor support is around 16800.
  • Short term weakness can be seen only below 15500.

It is good to buy at dips around 16700-750 with SL around 16400 for the TP of 17250/1778016800

The material has been provided by InstaForex Company – www.instaforex.com