Weekly Chart
Correction seems to be in full swing. Macd has gone into a sell mode and stochastics indicates further fall.
Daily Chart
The Inside day pattern broke on the upside as anticipated. The rally though met with selling at the highs ending with a long bearish upper shadow and a close within the Inside day's range.This indicates bulls exiting at highs. Oscillators too showing weakness.
Supports at 1174-1177.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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