Current price: 39534
Key point: 39295
Our preferred direction: Buy positions above 39295 levels with 39800 as the first target and then 39920 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 39295 level, targeting the 38890 levels.
Technical commentary
The index rose from the support levels 39225-39295 and this rise is expected to continue to retest the 39800 levels again.
In case of a return to decline, break and stability below the 39225 levels, it will head towards the 38890 levels.
