BULLS CLOSE THE MONTH

The bulls continued their rally today and reclaimed another 333.79 points closing the week/Month at 26,183.21.

Table below shows the Month of MAY lost 1.02%, not an impressive month for those who went LONG in the beginning of the month, while those who participated early week of May and pulled out are in money and poised for another Entry in JUNE.

TECHNICAL ANALYSIS
A nice but again modest follow up from yesterday's rally, There are no indications that the INDEX is going to make an explosive breakout anytime soon as market scenario showed BULLS not fully in control. We hope to see more participation in the coming month.

As earlier said, we expect the index to meet some resistance within the 38.2%-50% Fibonacci levels of 26.400-26.7500 points range.

Use the TRW Support/Resistant Table for Good Entry/Exit points.

Have a Nice Weekend & Holiday