Downside Prevails
Our Pivot: 1229.10
Our Preference: Short sell below 1224.20 with strict stop loss of 1229.10 and target at 1215.00 and 1211.80.
Alternate Scenario: Upward penetration of 1229.10 will call for 1235.50.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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