Weekly Forecast (November 14 – 18, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 177.700, which will be followed by reaching resistance level 182.375 and if it keeps on moving up above that level, we may expect the market to reach resistance level 188.250.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 177.700, which will be followed by moving down to support level 173.350.
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 178.550, which will be followed by reaching resistance level 191.500.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 178.550, which will be followed by moving down to support level 173.350.