This/Next Week Forecast (March 22 – 26, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 2515, which will be followed by moving up to resistance level 2655.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 2515, which will be followed by reaching support level 2410 – 2368.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price at the level 2800.
Monthly Forecast, March 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 2410, which will be followed by reaching resistance level 2700 – 2800 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3100.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 2410, which will be followed by moving down to support level 2160.
previous month forecast
