• Confirmed Uptrend
• Uptrend resumption since Feb 08, 2016 after a pull back of -15.2%

• A large green candle with almost no upper and lower shadow; three day pattern is a morning star one, albeit, without any decline
• Last week’s pivot point 2594.96; R1=2611.67, R2=2620.93; S1=2585.70, S2=2568.99; R1 was breached
• An up week after two down weeks; third up week in last five weeks and eight in last ten weeks
• Broke above a down sloping flag on April 24 2017;
  • flag-low was 2322.25 during 27-Mar-17 week; shorter flag-pole length is 317.19 and longer flag-pole length is 590.88;
  • 100% extension target of shorter flag-pole is near 2639.41; and
  • 61.8% extension target of longer flag-pole is near 2687.41
• Broke above a down-sloping flag on November 14, 2016;
  • the flag low was 2083.79 during 31-Oct-16 week; the shorter flag-pole length is 202.13 and the longer flag-pole length is 383.71;
  • 261.8% extension target of shorter flag-pole is near 2612.97; and
  • the 161.8% extension target of longer flag-pole is near 2704.63
• Last swing low, 2322.25, was the low on March 27, 2017
• Above 10-week EM; above 39-week SMA and 89-week SMA
• Confirmed uptrend

Daily

• A red doji just near the previous close
• RSI-14 divergence – on October 20 the RSI was 79.65 and the 2578,29, on November 8 the high was 2595.47 and the RSI was 72.50; the index is higher and the RSI-14 is rising too but below previous high
• Last pattern, a down-sloping flag in June that was broken to the upside on July 13; in August the index declined and tested the broken upper limit of the flag
• Above 20-day EMA but above 50-day EMA; Above 100-day SMA and 200-day SMA
• Pivot Point=2627.09; R1=2633.87, R2=2641.66; S1=2619.30; S2=2612.52; R1 was breached
• Confirmed Uptrend

• The price action similar to that on Wednesday pre-open; rising after making another rounding trough, which touched the EMA-20; futures up to near pattern high;
• Trending up since 8:00 Am on November 15 with higher highs and higher lows;
• 14-bar RSI continues to flash divergence – on November 21 the index was at 2600.50 and the RSI was at 75.8, on Sunday the index was at 2603.50 and the RSI at 64.47; the RSI is rising and may make a new high which will nullify the divergence signal
• Sequence of higher highs and higher lows since 10:00 AM on November 2 and since August 29 with few exceptions is reasserted on November 21
• Above rising 20-bar EMA, which is above a rising 50-bar EMA

• A double-top or horizontal channel  being formed; high at 9:30 AM on November 29 was 2634.25 and the high at 6:00 AM was 2634.00; the intermediate low or the lower bound is near 2621.50
• The 61.8% extension target is near 2641.75 and the 100% extension target is near 2646.50
• Above a rising 20-bar EMA, which is above a rising 50-bar EMA

• Envelop and Bollinger Band are mostly moving side ways since 4:00 PM on November 28
• The Bollinger Band is expanding since 2:00 AM; price hugged the upper limit till 6:45 AM and now is moving sideways
• The Stochastic (9, 1, 3) has been declining since 5:30 AM after making bearish or negative divergenc
• Above 20-bar EMA and 50-bar EMA

1. Consumer Discretionary
2. Consumer Staples
3. Energy
4. Materials
5. Industrials
6. Finance
7. Utility
8. Heath Care

1. Technology
2. Real Estate