Daily Chart
Daily Chart Showing Short Term Action
The downtrend continued taking support on the 50 Ema once again. Rsi14 is close to it's support line from December 2012. Holding this support is important for further upmove.Failing to hold will see support at the uptrendline from November 2012 at 1609.
A fall below 1609 - 1598 will see the downward momentum intensify.
Any pullback will see stiff resistnace at 1622-1632.
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Lakshmi Ramachandran
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