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A CRITICAL SUPPORT LINE!!!The Bears resumed bashing of the NSE ASI after an Oversold rebound yesterday by the Bulls down by 323.14 points closing at 22,993.43. This current drop within a critical support level calls for Huge concern. If this points level is broken, the market will laspe into an intermediate neutral trend with support at the 21,813 level making it fall into another intermediate bear trend. If the market makes a new low here. we can be sure that the odds favour lower lows rather than a reversal.....
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
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