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BEARS STILL WINNINGThe market was mixed in most part of the day as the epic battle between the bulls and the bears continued...with the bears closing down the NSE ASI by 59 points. For now, the market continue to move downwards with Low purchasing power as smart money is absorbing the supply which is an indication that they are Bullish on the market, hence we expect a reversal in the downtrend (NSE BANKING & NSE 30). Overall trend remains bearish in short-term, and neutral in mid-long term.
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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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