Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 548, which will be followed by reaching resistance level 581.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 548, which will be followed by moving down to support level 528.
This/Next Week Forecast (February 1 – 5, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 550, which will be followed by moving up to resistance level 581.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 528, which will be followed by moving down to support level 492 and if it keeps on moving down below that level, we may expect the market to reach support level 455.
previous week forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 450.
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
