Traders short need to revise down the stop loss to 3232.
Expect correction towards 3146-3109.
Resistance will be at 3185-3198-3232.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
3177.82
3281.67
DOWN
3301.59
8.08
3130
3164
3185
3198
3232
*Trend will remain Down as long as last close is below the pink color DRV.Trend will be Up as long as Price is above DRV. Positional Traders can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
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