Downside Prevails
Our Pivot: 1225.8
Our Preference: Short sell below 1222.6 with strict stop loss of 1225.8 and target at 1217.2 and 1214.8.
Alternate Scenario: Upward penetration of 1225.8 will call for 1229.4.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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