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Dec 03

TECHNICAL ANALYSIS BY NSFX 03.12.2013

By:

High:  Low: 

The index still trading in the range 1799-1811 and a breakout below the lower band will bring price to test the 21SMA at 1787 and if selling pressure should continue then area 1754 is likely to be tested.  Above 1811.4  the next resistance should be in area 1824 and then the psychological level 1850.

R3
R2
R1
S1
S2
S3