Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 497, which will be followed by moving up to resistance level 505.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 497, which will be followed by reaching support level 478.
This/Next Week Forecast (January 4 – 8, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 455, which will be followed by reaching resistance level 505.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 455, which will be followed by moving down to support level 425.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 390.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 468, which will be followed by reaching resistance level 505 and if it keeps on moving up above that level, we may expect the market to reach resistance level 550.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 468, which will be followed by moving down to support level 425 and if it keeps on moving down below that level, we may expect the market to reach support level 390.
previous month forecast
