TECHNICAL ANALYSIS BY NSFX 01.06.2014
The index is trading in unchartered territory and might reach as a first target 1950, then the higher band of the bullish channel at 1970. 1200 would be considered the key area and profit taking shoudl occur. Below 1900 many stop losses would be triggered and short sellers should open bearish positions. 1850 area is the coincidence of a static support and then the bullish trendline. Below this level the index might test the 200SMA, now at 1804.