CSEASI

9300 Resistance has failed to breach. Flag and Pole pattern failed to materialize. support 8800 has now turned resistance. immediate turnaround is expected around its interim support of 8500. Failure will push the index to a long-term support of 8100-8000. Indecision about holding the LG election is also contributing to the downside coupled with Electricity tariff hike approval by PUCSL.Not the ideal time to go bullish but cautious approach to identify GEMS and pick carefully.