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Sep 23

TECHNICAL ANALYSIS BY NSFX 23.09.2013

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The American index had a retracement at 1709.3 level and now is trading slightly above that level. Even a pullback at 1675, level of both a dynamic and static support as well, would not change the positive trend of the gauge. A breakout of 1733 will easily lift the index to test 1750 and given the shift from fixed income to equities 1800 is not an impossible target.

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