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NSE REBOUNDSMarket made a late comeback gaining 214.28 points to close the week at 26,153.47. This comeback was a huge relief and weekend package for concerned investing public. So far market heavyweights NSE 30 has put the index in an upward road map and we hope to see more Buying participation. Investors would be looking forward to how next week's leading indicator turns out for more as price and indicators are not diverging. Technically, NSE ASI has closed below its Short time moving average.(26,561) Short time moving average is currently below mid-time, AND above long time moving averages: bearish in short-term, and neutral in mid-long term. If this current rally is sustain then book some profit within 26,561, i.e. If you are in the market. Trade safe within a Support/Resistant Level for Good Entry/Exits. MARKET INFO: CLICK NEW: Lovers of Candlestick Patterns
Have a Nice weekend
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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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