Downside Prevails
Our Pivot: 1249.50
Our Preference: Short sell below 1246.00 with strict stop loss of 1249.50 and target at 1240.80 and 1238.00.
Alternate Scenario: Upward penetration of 1249.50 will call for 1255.50.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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