Weekly Chart
Daily Chart
The sideways move has been intact since September. The positive divergence shown last week may have played out with the weekly candle forming a doji signaling lack of commitment by the bulls. The 50 dema has been violated once again.The rising wedge shown on daily charts has been broken down and a retest of the lows would be in order.A lower high at 9865 keeps the bearishness intact.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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