Downside Prevails
Our Pivot: 1224.8
Our Preference: Short sell below 1219.6 with strict stop loss of 1224.8 and target at 1213.9 and 1211.0.
Alternate Scenario: Upward penetration of 1224.8 will call for 1230.0.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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