• 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 small doji candle; gapped up at the open and didn’t fill the gap
• %K s below %D; made a small divergence on June 13 above 90
• 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; sequence of lower highs and lower lows broke at 8:00 PM on June 20;
• Break above a down-sloping flag didn’t last; made a piercing candle at 6:00 AM
• RSI-9 fell from a high of 70.04 at 8:00 PM on June 20 to just below 40 at 4:00 AM; bouncing above 40
• %K crossed above %D at 6:00 AM from below 30
• At EMA10 of EMA50, which is at 20-bar EMA
• Bias: Down-Side

• Uptrend since 3:00 AM in June 19 is under pressure;  broke below the uptrend line at 2:00 AM; broke the sequence of higher highs and higher lows since June 19
• RSI-9 falling from a 68.24 at 9:30 PM on June 20; bouncing off 30 at 6:00 AM
• Below 20-bar EMA, which is below 50-bar EMA
• Bias: Down-Side

• Bollinger Band (20, 2.0) is mostly moving sideways since 1:15 AM on June 20;
• The band was narrow for most of June 20 trading; expanded at 9:30 PM with price first moving along the upper ban; price moving along the lower band since 2:15 AM; coming off it 5:15 AM; near the mid-point
• RSI bouncing off 20.54 at 5:00 AM; near 50
• The Stochastic (9, 1, 3): %K is crossed above %D at 6:30 AM from below 10; %K crossing below %D at 8:15 AM from 100
• Bias: Side

1. Consumer Discretionary
2. Consumer Staples
3. Energy
4. Industrials
5. Technology
6. Utility
7. Heath Care
8. Real Estate
9. Telecom

1. Materials
2. Finance