When external factors were bullish like Fri, it failed to ignite buying mode, so mixed external factors today proved fatal for bulls. Fbmklci again struggled at 70 in AM session and succumbed to selling pressure in PM after Europe slide almost 1%.Technically bearish day. The end of range trading and the beginning of a trading sell mkt, targeting the recent low near 1230++ ? Yes if mkt stay below 1260. Short term long should exit first and wait.....
Below 7SMA is a sell mkt. Below 1255 is another fresh trading sell signal.
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