Our Analysis: Short (Sell) positions below 1343 with 1329 & 1316 targets in sight. Alternative outlook: The upside breakout of 1345 will open the way to 1354 & 1364 levels.
Why to go Short: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Trend:- Short Term; Consolidation; Medium Term: Bullish.
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