[sharetrading] Market

 

The pressure in the market is to break downwards. But presently it is coiled in a tight swirl, in an undecided manner. With India’s growth clear, the down side would be very limited. 5160 is a tested support region, below which 4930 is next solid support. 

Australia opened 1% down and presently below 6% from near highs…..

Market is expected to range between 5160-5240. Traders could find, stocks out of their hand, as ID the market may rise, or so the cues suggest.

Below 5213, short market with SL 5222 on ID charts basis….. RT may CF a short on this basis………..

 

Abe

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