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From : International Equity Index Daily Hotline: 19 September 2014
Chart of the day: Indian index reasserts uptrend

 

The Indian BSE Sensex index has recorded a 1.8% gain for Thursday's session.  The market has encountered uptrend support above the 50-day moving average; and reverses the correction from the overbought early-September, and all-time, high at 27355.  A long position is opened in the market (see hotline for 17 September).  The stop is placed at 26000.

 

 






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