We can see after making a new high recently its now on a retracement, the question is where will it take a bounce or a U turn from??? Important support levels for the market are 2550 to 2570 and 2440 to 2470. It can take a bounce and resume the uptrend. Now the most important technical support is 2440 if the market closes below this level it will be a begining of a downtrend and it will damage the chart. So in order to stay bullish market should keep trading above 2440 levels. So far its in a uptrend!!
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