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Major Support for Shanghai Composite around 2600 level


MAJOR SUPPORT FOR SHANGHAI COMPOSITE AROUND 2600 LEVEL


From Past few weeks we saw huge sell off in Shanghai composite from its recent top 3685 level. As per the short term chart formation Index is trading in lower top & lower bottom formation with upside resistance near 3700 level.

Going ahead we at Team NTD Seeing 2600, level will act as strong support for Index.  In upcoming period any weekly positive reversal near support level will give an early indication for fresh uptrend in Index.    


(January 15,2016)


SHANGHAI COMPOSITE INDEX (WEEKLY CHART)



























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