Sell On Raise.
Observations:
(1) 61.8% retracement of the fall from 8159.75 to 7723.85 is 7993.24. With respect to the downward blue channel indicated in the day chart, channel-R1 and R2 are around: 7897 and 7985.
(2) Pending retracements of the indicated upmove (in the week chart) are: 38.2 and 50. And channel support1 and channel support2 are in that area.
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