VCSC Daily - ETF rebalancing done, 2012 CPI to come in line
Technical comment. We believe that the markets may continue to correct over the next 2-3 sessions, with supports of 387-390 for the VNI and 53-53.5 for the HNI. We notice that buying pressure is acute at these price levels. Therefore, it appears the short-term uptrend still has legs and that fresh buy signals will be triggered in the next 2-3 corrective sessions.