Downside Prevails
Our Pivot: 1227.50
Our Preference: Short sell below 1224.82 with strict stop loss of 1227.50 and target at 1220.20 and 1217.85.
Alternate Scenario: Upward penetration of 1227.50 will call for 1230.35.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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