We are expecting a bounce in the zone 1345-1350$. Recent Bounce was 1349$. Currently Trading at 1347$. We shall look for this bounce as selling opportunity with a stop above 1365$.
Trading Strategy- Either bounce between 1345--1350$ is selling opportunity or going below 1340$- can be taken as selling opportunity with strict stop above 1365$ & If count is correct-we shall see strong down move in this week giving us a target of 1320-1325$.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ