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SHANGHAI COMPOSITE: Last week Shanghai Composite has broken its two months range of 3000-3250 and it has ended at positive at 3391.35. Week on week Shanghai Composite has given a first strong weekly bullish candle which will result in further upside in Index up to 3400/3500 (Previous Breakout Level).

Going ahead we are seeing limited upside in Index and the previous Breakout level will act as strong supply zone in coming week and we can see fresh downside reversal in Shanghai composite.


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