Weekly Forecast (May 29 – June 2, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 600, which will be followed by reaching resistance level 634.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 600, which will be followed by moving down to support level 574 and 540.
Monthly Forecast, May 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 597, which will be followed by moving up to resistance level 647.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 597, which will be followed by reaching support level 574, 540 and if it keeps on moving down below that level, we may expect the market to reach support level 510.
