• Confirmed Uptrend
• December 2017 closed higher; index has been higher for the nine straight months; it has only one down month, March 2017, since October 2016
• Uptrend resumption since Feb 08, 2016 after a pull back of -15.2%

• The week ending on March 9 was a large bullish engulfing candle, over a bearish engulfing candles, with almost no upper and lower shadows
• Last week’s pivot point=2749.63, R1=2823.51, R2=2860.45; S1=2712.69, S2=2638.81; R1 pivot levels was breached;
• An up week following a down week; third in last five weeks and seventh 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 near 2639.41 is achieved; and the 161.8% extension target is near 2835.46
  • 61.8% extension target of longer flag-pole near 2687.41 is achieved; the 100% extension target is near 2913.13
• 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 near 2612.97 is achieved
  • the 161.8% extension target of longer flag-pole near 2704.63 is achieved; the 261.8% extension target is near 3088.34
• Last swing low, 2322.25, was the low on March 27, 2017
• Below 10-week EMA; at 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A large red body candle that engulfed Monday’s red candle; just above the upper limit of  a symmetrical triangle that was broken to the upside; it may act as a support
• Last big pattern, a down-sloping flag in June 2017, was broken to the upside on July 13, 2017; in August the index declined and tested the broken upper limit of the flag; since then the index has made three very small flags; it broke to the upside of the last flag on January 2
• Bounced off 200-day SMA on February 9
• Above 20-day EMA; above 50-day EMA; above 100-day SMA and 200-day SMA
• Uptrend under pressure

• Broke below a double top pattern; achieved the 100% extension target to the downside; bounced up to the broken lower limit of the double top pattern
• Rising since making a low of 2681.25 at 6:00 PM on March 6; pulling back since 2:00 AM on March 12 from 2805.00, which is just above a resistance level; above an uptrend line; sequence of higher highs and higher lows
• RSI-9 declining since 2:00 AM on March 12 formed a divergence at 8:00 AM on March 13;bouncing off from a low of 26t 10:00 PM to just above 50; below a downtrend line
• At 20-bar EMA, which is above EMA10 of EMA50
• Bias: Up-Side

• Moving sideways to down since 4:00 PM on March 9
• Broke above an ascending triangle and achieved 100% extension target near 2789.00;
• RSI bouncing off from 23.82 at 3:00 PM on March 13; at or near 65;
• Above 50-bar EMA, which is above 20-bar EMA
• Bias: Down-Side

• Bollinger Band (20, 2.0) is moving slightly up from down
• The band is again narrowing
•  RSI is trending down from 77.74 at 4:00 Am; now just above 50
• The Stochastic (9, 1, 3): %K is trending down since 5:00 AM; near 20
• Bias: Down-Side

1. Utility
2. Heath Care
3. Real Estate

1. Consumer Discretionary
2. Consumer Staples
3. Energy
4. Materials
5. Industrials
6. Finance
7. Technology
8. Telecom