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- Major support -1835 (trend line joining 1818 and 1833)
- Short term resistance -1890 (7 day EMA)
- The index has broken minor support 1850 and declined till 1837 at the time of writing. It is currently trading around 1840.
- Any break below 1835 will confirm minor trend reversal, a decline till 1800/1785 (200 day W MA) is possible.
- On the higher side major resistance is around 1890 and break above targets 1915/1930/1960.
- Overall trend reversal only above 2020.
It is good to sell below 1835 with SL around 1865 for the TP of 1800/1785.
