- Naranj Research Desk
The index is currently positioned at the trendline support and is expected to bounce back from this level.
The index is showing an upward trend. Following a significant correction, it is now trading at the trendline support level and is likely to sustain its upward momentum.
After breaking out from the ascending parallel channel, the index is now consolidating just above the upper boundary of the channel and is projected to continue its upward movement.
The financial services index is also trading at the trendline support and is expected to maintain its upward movement.