Daily Chart
The downside momentum did break the earlier low of 1311 but was quick to recover and form a long lower shadow. Though this shows buying support, the bulls were not able to sustain even 23.6% of the bearish candle made on Wednesday and closed below it. For today only a trade above 1330 will bring in some bullishness else test of 1291-1294 support on cards.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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