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Short

S&P500 faces intraday support at 2080,good to sell on rallies

FX:SPX500   S&P 500 index of US listed shares
397 0 5
Major intraday Support – 2080 (200 day HMA and 27th Nov low)

Demand zone- 2100-2108

On the lower side any break below 2080 will drag the index till 2060/2045 level.

The index major resistance is around 2108 and any break above will drag the index further up till 2120/2137.

It is good to sell on rallies around 2090-2095 with SL around 2108 for the TP of 2061/2045
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