Downside Prevails
Our Pivot: 1261.5
Our Preference: Short sell below 1256.5 with strict stop loss of 1261.5 and target at 1249.2 and 1245.5.
Alternate Scenario: Upward penetration of 1261.5 will call for 1267.5.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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