Key Resistance @ 1217
Our Pivot: 1217
Our Preference: Short sell e below 1212 with strict stop loss of 1217 and target at 1205 and 1202.
Alternate Scenario: Upward penetration of 1217 will call for 1220 and 1223.
NOTE: Capped by resistant trend line of bearish channel.
Chart with Supports and Resistances:
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