This index is a good index to monitor which indicate to temporary stop bulling the 2nd/ third tier companies..
Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low at 11695 ( Bearish )
3) MACD -Bearish Crossover and 4G3R ( Bearish )
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
Conclusion:
Bearish
Testing the next support at 11596 which is next lower low..
Resistance- 11695 / 11757 / 11905 / 12107 / 12187
Support - 11596 / 11475 / 11354