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Dr Swati Dhingra appointed to MPC


Analyst CPI Wraps (A-Z) – [3/3]


Analyst CPI Wraps (A-Z) – [2/3]

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GILT TECHS: (M0) Uptrend Remains Intact
*RES 4: 140.00 Psychological round number
*RES 3: 139.84 High Mar 9 and the contract high
*RES 2: 138.46 High Mar 9 and gap high on the daily chart
*RES 1: 138.37 High May 14
*PRICE: 137.96 @ Close May 14
*SUP 1: 137.04/136.95 Low May 12 / Low Apr 30
*SUP 2: 136.74 Low Apr 27 and key support
*SUP 3: 136.46/135.93 50-day EMA / Low Apr 23
*SUP 4: 135.53 Low Apr 7
Gilts traded higher yesterday before pulling back. The outlook remains positive
with 138.17, May 5 high breached. The break yesterday confirms a resumption of
the underlying uptrend and paves the way for a test of 138.46, Mar 9 low. A
print of 138.46 would fill a gap on the daily chart. Further out, attention is
on the contract high of 138.89, Mar 9 high. Firm support is seen at 137.04,
Tuesday's low and 136.74. The latter is the Apr 27 low.

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