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May 13

TECHNICAL ANALYSIS BY NSFX 13.05.2014

By:

High:  Low: 

The index after the gap up rose to test the all time high in area 1900. Above this level area 1920 should be the first significant resistance and above it area 1950.  In case selling pressure should create a retracement environment the index might drop to 1861 and the target could be the demand line generated last June.

R3
R2
R1
S1
S2
S3