MACD, though below zero, shows the momentum has stalled. A day end close below the rising trend line would open doors for a further sell-off to 1277 (August lows).
It is advisable to be on a 'wait and watch' mode.
On the higher side, only a daily close above 1450 would signal a possible revisit to recent highs around 1550.
It is advisable to be on a 'wait and watch' mode.
On the higher side, only a daily close above 1450 would signal a possible revisit to recent highs around 1550.
