Saturday 28 January 2012

28/1/12 ; 60 min chart

3135 ; Market moved in a tight range with lesser volume still after succumbed to selling pressure the day before due to negative export figures. From a rising wedge now forming a bearish flag. Market direction will be side way for  now until prices breakout from the flag. Support; 3097. 3052, 3020. Resist; 3190, 3205, 3244.

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