S&P-500
Open—7087.06--High—7147.52—Low—7082.70—Close—7126.06
on 17.4.2026.
Support:7002.24/6986.33/6952.51/6945.77/6920.34/6903.46/6887.01/6885.89/6869.91/6824.31/6799.94/6789.08/6780.13/6775.50/6764.15/6754.30/6752.16/6720.95/6711.01/6698.88/6655.69/6651.62/6631.44/6623.92/6593.99/6569.22/6551.36/6521.92/6508.12/6477.38/6473.52/6427.02/6360.58/6343.86/6212.69/6201/6147.43/6099.97/6059.40/6003.79/5944.85/5924.10/5835.81/5768.87/5696.53/5674/5578.82/5504.65/5433.24.----
Resistance: 7147.52/7172/7189/7264/7344/73717426/7516/7689.
It made an all-time high of 7002.24 on 28.1.2026 and
thereafter corrected and finally made bottom on 30.3.2026 at 6316.90 and
since then it has been vertically rising for almost last 13 days in a row and had a cumulative rise of more than 825 points and hit a new all-time high
of 7147.52 on 17.4.2026. Technically it is looking great for the continuation of
the up-move but the vertical rise has also made it highly vulnerable for
correction, therefore it is suggested to be alert and cautious at this juncture
because it could correct any moment. However please note that as long as it
holds the range of 7002.24---6945.77---6887.01---6845.50
on the closing basis then the chances of a continued up-move will be alive, but
break & sustained close below 7002.24
it will be an alert sign for going down and break & sustained close below
the range of 6945.77---6887.01---6845.50
may trigger fall and it may witness an accelerated down move.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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