Weekly Chart
Weekly charts show a downward bias with a lower high and lower low candle. Double top at 1339 gets confirmed only if the low 1249 is violated. Till then trade the range of 1344-1249.
Daily Chart
Daily charts show recovery efforts on with a retracement of more than 50% of fall from 1349 to 1302. If fails to trade above 1325 expect a test of 1302 .Till the lows of 1302 is held efforts to cross targets of 1349-1344 -1362 will be on.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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