Daily Chart
The sequence of lower top lower bottom candle continues.Important support at 1204 on up trendline from 1040.The recovery yesterday from lows of 1204 has closed above the 61.8% retracement level of fall from 1227 to 1204.This raises the possibility of testing the high of 1227 again.
Support at 1204-1182. Resistance is at 1227.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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