Pivot: 1576.00
Our preference: LONG positions above 1576 with 1603 1608 in sight.
Alternative scenario: The downside penetration of 1576 will call for a slide towards 1567 1560.
Comment: the immediate trend remains up but the momentum is weak.
Trend: ST Ltd downside; MT Range
Key levels Comment
1616** Intraday resistance
1608** Intraday resistance
1603** Intraday resistance
1586.7 Last
1576** Intraday pivot point
1567** Intraday support
1560* Intraday support
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