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Politics : Idea Of The Day

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To: Brian Fukuba who wrote (19137)	8/3/1998 10:28:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

NAPM is weak, construction spending is high, prices paid are lower than expectations-- GDP growth is expected to be robust. I would think that we have tested 1115 on the opening that is the three point test below a critical support, I would think we should now move up to test the resistance at 1122 fi we are unable to take out 1125 area in next one hour we may to test this 1118 again and if 1115 is taken out we may see a test of 1103 on the cards. My bias is that we will move and test resistance of 1122 and beyond that 1136 is very much possible in next couple of sessions. 1103 and 1136 is the band within which one can trade--

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