Downside Prevails
Our Pivot: 1231.27
Our Preference: Short sell below 1228.99 with strict stop loss of 1231.27 and target at 1223.73 and 1221.16.
Alternate Scenario: Upward penetration of 1231.27 will call for 1234.48.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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