ONE MORE DAY

Market was down by 492.50 points as the NSE ASI closed at 25,908.12 today with stocks valued at N4.5bn.

With increase in value traded (Presence of Buying pressure). I certainly think that the market is going to hold up around a 65DMA of 25,700 points or a support (double bottom) level of 25,500 points. (Link to report)

Comparing today's price close and its last support levels of 29th April 2010. (TABLE) shows current prices have broken last support levels while index has not.

For now the NSE ASI has ONE MORE DAY to defend its last Support Levels.

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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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