Downside Prevails
Our Pivot: 1231.50
Our Preference: Short sell below 1228.00 with strict stop loss of 1231.50 and target at 1220.57 and 1216.87.
Alternate Scenario: Upward penetration of 1231.50 will call for 1236.00.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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