Looking at the chart, S&P has to break & sustain above 2100 zone for 2117-2126 area immediately and sustain above 2126, short term target may be around 2150. Consecutive closing above 2150, mid term target should be around 2200- 2215.
Dovish Fed, very low possibility of Grexit, stable Geo-political situation, above expected US corporate earnings, weak EURO & moderate US growths along with uptick in consumer sectors in US (such as Ford ,Tesla, Wall-Mart etc) may be some of the key drivers going forward for S&P to reach 2215 zone.
On the flip side, technically, 2080 is the immediate positional support & sustain below that, 2055-2029 zone will be the downside target. Vital positional support zone will be 2020 for the time being.
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