TECHNICAL ANALYSIS BY NSFX 23.03.2014
The index is trading in the higher part of the channel and found resistance to rise above the all time high 1888.4. A breakout of this static level could bring the gauge to test 1900 and if it should rise above the higher band the next target could be 2000. In case the index should fall below the 55EMA it might test the lower band of the channel at 1872. If this dynamic support will be broken area 1734 could be the first relevant support.