THE COUNTER HAVING BROKE IT UPTREND LINE WAS SUCCESSFULLY HELDING 1030 LEVELS ON WEEKLY BASIS. NOW SINCE THE SAID LEVEL HAS BEEN BROKEN ON WEEKLY BASIS WE THINK THE COUNTER MAY AGAIN COMMENCE IS SHORT TERM DOWN TREND. ANY DAILY CLOSE BELOW 1000 LEVEL MAY CREATE PANIC UPTO 950 LEVELS. POSITIONAL TRADERS CAN INITIATE SHORT POSITION IN THE COUNTER WITH CLOSING SL OF 1045 FOR THE TGT OF 950-920 LEVELS.
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