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ROARING BULLS HITS 25,OOO POINTS
The NSE ASI ended the day in a NEW HIGH hitting 25,oo5.63 range
up by 332.08 points.
The market continue to break steady new highs despite rumours of
financial uncertainty from the Banking Sector. Yes, even though last week was a positive week for the index, we have moved a new resistant level to 26,000 points zone, using Fibonacci extension plotting from a corrective pullback at 24,271 points. Short term traders should watch out for possible pullback within Fibonacci levels of 50%-25,06993, 61.80%-25,258.07 and100% of 25,900-26,000 zone.
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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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