Weekly Chart
Last week's bearish candle did have it's effects Good support taken at 1075.If the downtrending channel holds then bullishness could continue and a break out will confirm it.
Daily Chart
Daily charts show a pause. Crucial resistances at 1177-1187-1120 need to be taken out for the upmove to gather momentum.The positive divergence spotted on the 6th contues to encourage the bulls.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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