Dow Jones Industrial Average 11628
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Last week’s developments have by and large vindicated our stand. The Dow remained under selling pressure & dipped to a low of 11290 before recovering smartly in the last trading session.
Since mid July the Dow is locked into a trading range of 11.8-11.2k area. This week, the market, could be expected to re-attempt the hurdle area of 11.8-11.9 before taking a final call.
In short, expect another week of range trading, may be between 11840 on the upside & 11400 on the lower side.
