Current Price: 49,064.15 (-0.35%)
Key Levels:
Resistance Zone: 50,400
Support Zone: 48,800
Breakout/Breakdown Levels:
Bullish breakout above 49,200 → Possible move towards 50,400
Bearish breakdown below 48,800 → Target towards 47,993
Trade Setup:
Bullish Scenario:
If price sustains above 49,200, look for buying opportunities with targets at 50,400.
A strong breakout above 50,400 can push the index towards 51,000+.
Bearish Scenario:
If price breaks below 48,800, expect further downside towards 47,993.
Short positions can be taken below 48,800 with SL at 49,200.
Key Levels:
Resistance Zone: 50,400
Support Zone: 48,800
Breakout/Breakdown Levels:
Bullish breakout above 49,200 → Possible move towards 50,400
Bearish breakdown below 48,800 → Target towards 47,993
Trade Setup:
Bullish Scenario:
If price sustains above 49,200, look for buying opportunities with targets at 50,400.
A strong breakout above 50,400 can push the index towards 51,000+.
Bearish Scenario:
If price breaks below 48,800, expect further downside towards 47,993.
Short positions can be taken below 48,800 with SL at 49,200.
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