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From : International Equity Index Daily Hotline: 29 April 2016
Chart of the day: Bearish key by Indian index

 

The Indian BSE Sensex index has reaffirmed resistance at the December ceiling, at 26256.4, with a 'Peak' Key Day Reversal.  The market probes recent support at the 200-day Moving Average at 25549.  Should that fail to provide a lift, there will be a heightened risk of further slippage towards the shorter-term MA line, which is currently situated near 25000.

 






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