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The NSE All Share Index is now trading above the 50-day moving average, a metric that’s proved important as it served as resistance at least 3 times in the past year according to MoneyCentral analysis.
For the rally that has seen the broad equities market up 12 percent in one month to continue however, the Index needs to surpass overhead resistance in the form of its 200-day moving average bearing down on it. (See chart).
