Prices bounced back hard after 4.30pm , erasing early losses. Probably short term players locking in profits after support seen at 2550. 2550 was tested twice today- one in each session.Overall chart outlook looks bearish as mkt finishes below 30SMA. So it would be an uphill task to see a strong run up. But at mom, a tug of war within 2550-2590 range. Downward risk is greater if 2550 breaks in 2nd attempt, this time targeting 100SMA near 2480.
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