Downside Prevails
Our Pivot: 1201.53
Our Preference: Short sell below 1196.38 with strict stop loss of 1201.53 and target at 1186.00 and 1181.72.
Alternate Scenario: Upward penetration of 1201.53 will call for 1208.50.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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