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BULLS REMAINS INTACT AFTER RSI 50......Today's activities saw the NSE ASI battle against the bears to take back intra day losses in early trading, closing sideways day up a marginal 71.76 points.
There are strong signs to doubt the new bull trend that is in place for now as only the NSE 30 Index was UP, As the overall market remains in a short term oversold condition below RSI 50.
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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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