AKD TriggerShark Jul 11, 2013 Bulls Rule Short-Term: Relentless bullish momentum continues for the eighth consecutive session with the RSI entering overbought readings. In immediate-term, small tweezers-top identified on the minute filter can produce a breather towards 22,769 level. Needs to surpass 23,074 to set continuation towards 23,131 and 23,314 levels. General View: A higher shows continuation of bull trend possibly towards 23,682 level with a nearby support around 21,900 level. On a larger degree, we see the primary impulse striding for 25,000 level. However, to ride this wave, investors should keep enough room (buying power) for intermediate correction up to 20,300 — 19,500 levels —coinciding with the cloud support. We find strong potential in ENGRO, PSO, PTC, SNGP, MARI, NRL, EPCL, and BOP.
Posted on: Thu, 11 Jul 2013 05:56:34 +0000
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