This/Next Week Forecast (February 8 – 12, 2021)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3821, which will be followed by reaching resistance level 3900 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3990.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3821, which will be followed by moving down to support level 3690.
previous week forecast
Fundamental Analysis
Economic recovery shows potential for uptrend to the level 3800 – 3900.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3594, which will be followed by reaching resistance level 3800 – 3900.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3594, which will be followed by moving down to support level 3475 and 3280.
previous month forecast
