Current price: 39535
Key point: 39300
Our preferred direction: Buy positions above 39300 levels with 39800 as the first target and then 40000 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 39300 level, targeting the 38645 levels.
Technical commentary
The index is still rising and the price has stabilized above the support levels 39225-39295 and above the 200 moving average to target the 39800 levels.
However, in the event of a decline and stability below the mentioned support levels, the index will head towards the 38645 levels.
