EOD Update Nov 10 2010

Better today should have been a trading holiday

I expected an up move today but owing to weak negative global clues the day turned out to be an inside day stuck in a very narrow range.One thing noticed that the low of 6295 made in the morning was held firmly.On the intra charts definitely there was a double bottom but the up move didn't culminate.Yesterday I talked about 6327 as the support but today NF got sold off form the same level twice.

For tomorrow too NF resistance comes around 6327 level and we may see sharp run up above it till 6380. On the other side below 6295 NF support comes around 6245 level where again buying may be initiated. Tomorrow morning ORB would give a direction to this clueless market.

Expect the unexpected tomorrow, as today was an inside day and any side break out would give fierce moves.