Rejection trades set in on reaching 22600 as outlined yesterday. Even though we were poised to see an outright turn lower, the pattern so far has been structured enough to allow an extension in the uptrend aiming 22900 or more. Meanwhile, it is fair to expect a pause or pull back initially, but support formation at 22520, 22400 and finally 22230 assures that a directional downside may have to wait.


 

Comments