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From : International Equity Index Daily Hotline: 27 April 2015
Chart of the day: Indian index tests Mar support

 

The Indian BSE Sensex index recorded a 1.1% loss for Friday's session.  The market turned down again, renewing the fall from the 'Peak' Key Day Reversal high of 15 April at 29094.6.  The March low at 27248.5 is under pressure once again.  Note this is close to the 200-day moving average.  Should that support yield, the next chart resting points are at the December and January lows, at 26469.4 and 26776.1, respectively.

 

 






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