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Apr 29

TECHNICAL ANALYSIS BY NSFX 29.04.2014

By:

High:  Low: 

The index yesterday rebounded after it tested its 55EMA and should find resistance against the supply line that links lower highs. Above 1900 is unchartered territory and  price projection could lift the price to 1975.  A retracement to the lower band of the channel should be the key area in case of a short term bearish scenario.

R3
R2
R1
S1
S2
S3