Downside Prevails
Our Pivot: 1198.44
Our Preference: Short sell below 1194.59 with strict stop loss of 1198.44 and target at 1183.76 and 1176.24.
Alternate Scenario: Upward penetration of 1198.44 will call for 1204.49.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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