In yesterday's post, I mentioned the view on the index is bullish and chances are high that it may continue this up move for a few trading sessions.
We have our support levels around 36160- 36200, sustaining which index could move towards 36677- 36711 and it did hit my first target today, closed near it.
Now, this level is where it could face some resistance, but moving through it, we can see about 1000 points on the upside.
So keep an eye on tomorrow's opening, gap up opening above 36710, will be going to see a sharp follow up on the upside.
Support levels are trailed to 36374- 36400.
We have our support levels around 36160- 36200, sustaining which index could move towards 36677- 36711 and it did hit my first target today, closed near it.
Now, this level is where it could face some resistance, but moving through it, we can see about 1000 points on the upside.
So keep an eye on tomorrow's opening, gap up opening above 36710, will be going to see a sharp follow up on the upside.
Support levels are trailed to 36374- 36400.