1:51 PM
Shahin
Today Dsegen has lost 29 points.The lowest point of index was 4200 and closed @ 4223. Index recovered 23 points from the lowest value of the day.This behaviour of index at suport zone seems positive.We had these levels (4224 and 42214) before and got uptrend. Moreover, volume is lower than yesterday. This means supply shrank a bit.At this point retailers are going to be empty handed gradually, and demand must increase.So,logically the index should reverse from this point. But if this downtrend continues further with big volume, Index may hit as low as 4039. In short, Index may reverse from this point or may fall as low as 4039. Thanks everyone
