21600 Keeping its Presence. The last two bars have been holding close above 21634. This may enable minor throw backs to enter the recent gap (22149 – 22317). But we reiterate that any gains would be short-lived and downside towards 20900 – 20000 are still in the making. Focus on close below 21600 for downside to unfold. Restrict buy trades to intra-day and avoid chasing price action. Critical inner resistance is placed around 22500 – 22900.
Posted on: Wed, 02 Oct 2013 05:01:03 +0000
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