Daily Chart II
Chart I shows a classic test of the neckline which should lead to a resumption of the downtrend after such retest.But the breakout from the short term downtrendline drawn from the the recent peak of 11978 and support taken at the 161.8% of rise from 10677 to 11213, shown in red on chart II, positive divergences on the stochastics and Rsi 14, all point to a possible pullback.
Till the low of 10340 is held a pullback to 10780-10882-11213 is possible.
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