Pivot: 1224.00
Our preference: LONG positions above 1224 with targets @ 1258 1279.
Alternative scenario: The downside penetration of 1224 will call for a slide towards 1212 1194.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Bearish; MT Ltd downside
Key levels Comment
1294** Intraday resistance
1279** Intraday resistance
1258*** Intraday pivot point
1246.05 Last
1224** Intraday support
1212** Intraday support
1194** Intraday support
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