Short positions below 8720 with targets at 8650 & 8622 in extension.
Pivot: 8720
Our preference: short positions below 8720 with targets at 8650 & 8622 in extension.
Alternative scenario: above 8720 look for further upside with 8750 & 8790 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Supports and resistances:
8790
8750
8720
8711 Last
8650
8622
8590