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NEW LOWWow!! We are on the march again. The NSE ASI started a new downward trend by 114.44 points today as gloom sets in on the Market. Today's close of 22,879.33 points has threatened a critical support level of 22,933 points with drop in trading volume as relative strength continues to weaken below2o. With the weakening technicals, I speculate that a downside breakout is more probable especially in line with the fact that this continuous bear trend is way overdue for a rebound.
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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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INVEST
FOR A GOLDEN TOMORROW
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