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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:admin

High:  Low: 

Since last week, the index has corrected about 300 points lower and is currently struggling with the 100-day SMA, sustaining below the 50-day SMA. With bearish pressure remaining in force, we could see a re-visit of recent lows at 8085 and a close below would open up for a bigger move to below-8000 levels. Upside, we need a close above 8267 to turn bullish.

R3
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R1
S1
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S3