The index is currently trading near the 44,310 resistance level, which is a key zone. Possible scenarios:
1️⃣ Bullish Scenario:
If the price breaks and holds above 44,310, it could target 44,520 and then 44,800 as strong resistance levels.
2️⃣ Bearish Scenario:
If the index fails to break the current resistance and falls below the support at 43,980, a corrective move towards 43,520 might follow.
1️⃣ Bullish Scenario:
If the price breaks and holds above 44,310, it could target 44,520 and then 44,800 as strong resistance levels.
2️⃣ Bearish Scenario:
If the index fails to break the current resistance and falls below the support at 43,980, a corrective move towards 43,520 might follow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.