THE COUNTER WAS MANAGING TO HOLD 1293 LEVELS ON A CLOSING BASIS. HOWEVER TODAY IT BREACHED THAT LEVEL ON A CLOSING BASIS AND TESTED VERY CRUCIAL WEEKLY SUPPORT PLACED AROUND 1270 LEVELS. WE BELIEVE IF WEEKLY CLOSE BELOW 1270 HAPPENS THEN THE COUNTER MAY WEAKEN FURTHER AND SLIDE UPTO 1245-1220 LEVELS. WE SUGGEST AVOID BUYING THE COUTER UNLESS AND UNTILL IT CLOSES ABOVE 1293 CONSECUTIVELY.
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