Downside Prevails
Our Pivot: 1234.16
Our Preference: Short sell below 1229.10 with strict stop loss of 1234.16 and target at 1222.00 and 1218.00.
Alternate Scenario: Upward penetration of 1234.16 will call for 1239.61.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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