• 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 June 15 was doji with almost similar sized upper and lower shadows
• Last week’s pivot point=2777.62, R1=2793.51, R2=2807.36; S1=2763.77, S2=2747.88; No pivot levels were breached;
• An up week; fourth 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; Last swing high, 2872.87, was during the week of January 22, 2-018; the low since the last swing high is 2532.69 during the week if February 5, 2018
• Above 10-week EMA; above 39-week SMA and above 89-week SMA
• Uptrend resumed

Daily

• A green candle with small lower and smaller upper shadow; gap down at the open; the decline turned around in the first half hour of trading but the close was below previous day’s close
• Above 20-day EMA; above 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend

• Declining since 10:00 AM on June 13 in steps; making lower highs and lower lows; broke below a down-loping flag; bouncing off a support zone near 2740.00
• RSI-9 in downtrend since 2:00 AM on June 7; below 40; bouncing off the low of 20.91
• Below 20-bar EMA, which is at EMA10 of EMA50
• Bias: Side-Down

• Trending down in a down-sloping flag since 11:30 AM on June 13; Moving down in steps since 11:30 AM on June 13; lower highs and lower lows; broke below the down-sloping flag at 7:30 PM on June 18
• RSI-9 is trending down and moving down in steps since 9:30 AM on June 14; bouncing-off the low of 19.44 at 3:00 AM; just above 40
• Below 20-bar EMA, which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is trending down since 11:30 AM on June 13
• The band is broader since 7:00 PM on Monday; first the p[rice moved along the lower band till 3:00 AM; now it is at the upper band, which is still trending down
• RSI is mostly below 50 since 10:45 AM on June 14; it made a low of 15.78; now just above 50
• The Stochastic (9, 1, 3): %K is crossed above %D at 7:30 AM; %K crossing below %D above 80
• Bias: Down

1. Energy
2. Technology
3. Utility

1. Consumer Discretionary
2. Consumer Staples
3. Materials
4. Industrials
5. Finance
6. Heath Care
7. Real Estate
8. Telecom