5ema(4620)>10ema(4609)>20ema(4600). LONG Trades are favoured. BB 4475-4724
Resistance 4674 Support 4610 Daily/Weely range 60/100pts. Target 4768
The range of the move from the 4955.1(19JAN) to the 4464.9 (09Feb) was 490.2 points. So the likely target levels are:
38.2% retrace 4652.2
50.0% retrace 4710.0
61.8% retrace 4767.8
78.6% retrace 4849.5
38.2% retrace 4652.2
50.0% retrace 4710.0
61.8% retrace 4767.8
78.6% retrace 4849.5
Current rise over the last 7 trading days has been 205pts from 4465 to 4672 (19FEB)
Weekly 5ema(4629)<10ema(4663)<20ema(4707). BB 4469-4955

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