FCPO Weekly: looks BEARISH

Violation of the physiological support at 2350 had dampened the overall technical landscape. Immediate outlook turns bearish with another long black candle posted for the week. We maintain lower view in near term market. As for now, we are looking of the upside resistance 2480-2500 followed by 2550-2600. To the downside, support is pegged at 2180-2120 followed by 2050.