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VCSC Daily - Indices close right at resistance levels to close out April

Market Commentary

27 Apr 2012

VNI up 7.4% and HNI up 10.6% for April – The markets ended the last day of trading in April in a cliff hanger; both indices closed near resistance levels of 473-480 for the VNI and 80 for the HNI. The resistances have proven to be quite stubborn as today marks the second attempt in the last two weeks and the fourth attempt in the last 12 months the markets have tried to break through these levels.

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