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China stock markets are trending up consistently in a bull trend manner. It has also surpassed its 52week high though technically, it has yet to confirm if it is back into the bull mode or not. For that it would have to give a sustainable close above the horizontal red line given at 3368 [...]
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Shanghai Composite, currently at 2880.5 faces resistance from 2925 to 2952 ahead. It has manged to surpass our intermediate resistance around 2725, but on the long term charts it has still to go a long way to reach its 38% retracement level poised around 3970 levels. The Indian markets (BSE and Nifty) has covered [...]
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