This/Next Week Forecast (January 25 – 29, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2545, which will be followed by moving up to resistance level 2660.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2545, which will be followed by reaching support level 2410 and if it keeps on moving down below that level, we may expect the market to reach support level 2160.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level 2400.
Monthly Forecast, January 2021
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2665, which will be followed by moving up to resistance level 2800.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2665, which will be followed by reaching support level 2410 and if it keeps on moving down below that level, we may expect the market to reach support level 2160.
previous month forecast