Holding Firms Index

Holding firms index may continue to rise after it retraces at 61.8% Fibonacci Retracement level after its rally from below the 4800 mark to 6K mark. The rise may continue to as high as 6287. Unless a breakout will happen from there, we will have a reversal of trend at that zone, if it falls after that, then the bearishness in longer term will continue.

Caveat!

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