NSE REBOUNDS

The Market tested its recent lows today with strong participation, closing UP by 275.76 points.

There is really nothing fundamental behind today's move. The Bulls just fought back at a crucial Support level that I mentioned yesterday.

Technically, If current rally moves we expect index to hit 38.2%-50% Fibonacci levels of 26.400-26.7500 points range

No Buy recommendations. Most stocks will likely TREND HIGH TOMORROW.

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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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