• 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 April 20 was a doji, almost like a shooting star;
• Last week’s pivot point=2649.12, R1=2687.44, R2=2718.59; S1=2617.97, S2=2579.65; R1 pivot levels was breached;
• An up week; third in last five weeks and sixth in last ten weeks
• A bearish ABCD pattern is emerging; break below 2553.80 would open up potential down targets near 2461.75 and 2251.50 levels
• 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
• Below 10-week EMA; at 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A relatively small green real body with smaller upper shadow and very large lower shadow
• Back within a symmetrical triangle after breaching its lower bound
• Stochastic (13, 2, 3) is declining after making a divergence on April 18
• Below 20-day EMA, which is below 50-day EMA 100-day SMA; above 200-day SMA
• Uptrend under pressure

• Downtrend since 8:00 Am on April 18; lower lows and lower highs; below a downtrend line from April 18 high; rising since 10:00 AM on April;25
• Break below an uptrend line from April 2 lows did not last and price is back above it
• RSI-9 mostly rising since 14:00 PM on April 24 from a low of 16.28; above 50
• At/above20-bar EMA, which is below EMA10 of EMA50
• Bias: Side-Down

• Broke above a down-sloping flag at 1:30 Pm on April 25; rising since 10:00 AM on April 25; forming a cup-with-handle pattern; approaching a resistance level at 2657.00
• The sequence of lower lows and lower highs since 11:00 AM on April 18 broke
• RSI is rising from 11.96 at 2:00 PM on April 24; between 40 and 65 since 8:00 Am on April 25; above 50
• Above 20-bar EMA, which is above 50-bar EMA
• Bias: Down-Side

• Bollinger Band (20, 2.0) is mostly moving sideways since 9:45 PM on April 24; trended up from 10:30 AM on April 25 to 10:45 PM and since then is slightly trending down
• The band is mostly narrow since 9:30 PM on April 25
• RSI is mostly above 40 since 10:15 AM on April 25; rising since 3:00 from a low of 40.61; above 50
• The Stochastic (9, 1, 3): %K is moving up since 2:15 AM from a below 20 and is crisscrossing %D; above 80
• Bias: Side-Up

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

1. Finance
2. Real Estate
3. Telecom