/ 

Oct 28

TECHNICAL ANALYSIS BY NSFX 28.10.2013

By:admin

High:  Low: 

The index has been in a bull run since early October and this morning, we have seen a gap up above trend resistance projected from September highs, where the battle currently is taking place. On a daily basis, there are no real signs of a reversal, but short term indicators are showing signs of an elevated market. 4h RSI above 70 and Stochastics elevated, but no signs of divergence yet. Should we close above the trend line, then next area will be around 9060 before 9100.

R3
R2
R1
S1
S2
S3