Weekly Chart
Daily Chart
The bear flag broke decisively and Friday's action just seems to be a pause in the fall. Have redrawn trendlines on the weekly chart to form a pennant with resistance at 1220 and support at 1117 for the week.So a fall below 1117 - 1101 could accelerate downward momentum. 1010 should prove a good support.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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