Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, September 28, 2010

S&P 500 update --28th September

 Daily Chart

The 1150 level is proving strong resistance leading to a sideways correction. The range between 1122-1150 needs to be broken decisively to gain momentum , obviously on the side of the breakout. At the moment predicting the direction is a little fuzzy, though, till the 1131 level is held breakout on the upside is expected.

Support at 1137-1131-1122  and  Resistance  at 1152-1159.

Happy Trading !!
Lakshmi Ramachandran

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