Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 156,175, which will be followed by moving up to resistance level 157,225.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 156,175, which will be followed by reaching support level 154,125 and if it keeps on moving down below that level, we may expect the market to reach support level 152,275.
Monthly Forecast, December 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 157,225, which will be followed by moving up to resistance level 159,600.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 157,25, which will be followed by reaching support level 152,275 and if it keeps on moving down below that level, we may expect the market to reach support level 149,600.