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Aug 28

TECHNICAL ANALYSIS BY NSFX 28.08.2013

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High:  Low: 

Today the index is struggling in area 8209. The horizontal line would become a support or resistance? In case  further selloff should happen the next test would be the area 8034.  Below that value only the 200 SMA could be a valid support to stop the selling pressure. Above the 21SMA in area 8354 short sellers might close their bearish positions and the index could try again to reach the tops.

R3
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R1
S1
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S3