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Mar 09

TECHNICAL ANALYSIS BY NSFX 09.03.2014

By:

High:  Low: 

The index is trading in a channel and if a breakout will happen at 1900 then the higher band of the channel will be broken as well with price projection 2030 points.  A trading range environment seems more likely considering few negative session since the rebound at 1739. Below 1850 short term selling pressure might increase.

R3
R2
R1
S1
S2
S3