So what is support?

I have enquiries asking me what do i mean by support level.

In my previous post, i mentioned 2 support level 1750 & 1700 to watch out, market-sentiment-3-february-2014.

So what is support?

A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.

http://en.wikipedia.org/wiki/Support_and_resistance#Support