The long term uptrend is intact till the uptrendline from March 2009 lows is broken. Support on this trendline at 1171 for the week.
The medium term uptrend seems to have started a correction. The first signal for the start of the correction was the decisive break of the uptrendline from August 2010. Confirmation on a close below 1294 support and the 50 dema which is also around the same level.
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