Weekly Forecast (December 5 – 10, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 113,195, which will be followed by reaching resistance level 115,135 and 116,110.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 113,195, which will be followed by moving down to support level 112080 and if it keeps on moving down below that level, we may expect the market to reach support level 109,210.
Monthly Forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 112,080, which will be followed by reaching resistance level 117,085.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 112,080, which will be followed by moving down to support level 109,060.