Daily Chart
New highs were made at 1235 but could not sustain creating a bearish upper shadow. 1229 which is the 61.8% retracement level of fall from all time highs 1576 to 666 continues to be resistance.Daily stochastics is overbought and can lead to a short term pullback.
Supports at 1220-1211-1204 and Resistance at 1229-1235.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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