We saw the
Index making some healthy up moves from the low of August. However this month
we saw the Index ranging on low volume. Then there was a clear attempt to move
the index on increased volume which however failed to produce the desired
result. We saw a poor effort to Result ratio. The Index is struggling around
the previous price rejection level of 10075. There is a good probability that
we will see some more ranging if not a retracement at the current levels. The
Index need to cross 10140 convincingly to see more up side.
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