Downside Prevails
Our Pivot: 1235.50
Our Preference: Short sell below 1232.00 with strict stop loss of 1235.50 and target at 1224.40 and 1221.30.
Alternate Scenario: Upward penetration of 1235.50 will call for 1239.50.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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