THE COUNTER IS FINDING SUPPORT AROUND 125 LEVELS FOR THE LAST COUPLE OF SESSION AND TODAY IT GAVE A CLOSE NEAR ITS RESISTANCE AREA OF 130. WE BELIEVE TODAY'S RALLY IN THE COUNTER IS MAINLY DUE TO SHORT COVERING AS IT IS NOT BACKED BY THE VOLUMES. THE COUNTER IS AN IDEAL SHORTING CANDIDATE AT THIS LEVEL. RECOMMEND TO SELL AROUND 130 WITH CLOSING SL OF 133 FOR THE TGT OF 119-114.
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