Daily Chart
Supports not holding indicating more selling can be anticipated.The fall in April 2012 to June 2012 was of 155 points which translates to 1420 for this fall.This level coincides with the 38.2% fibonacci level retracement for the 1074 to 1475 rise. A fall below this could mean a deeper correction and possible reversal of trend.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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