Nov 29, 2010

EOD Update Nov 29 2010

A cautious up move ...

After a panic of  two weeks we can say that NF stabilized today . If I have to interpret then we are done with a short term bottom as of now. Today NF move slowly gaining strength above the resistance of 5801 and 5840 but the move halted at 5860.5860 NF is acting as a tough resistance as of Now.Also the EOD charts are not indicating any thing except that volatility is getting reduced.

For tomorrow the support comes at 5827 NF and resistance at 5860 NF. Tomorrow morning ORB would be very useful in deciding the trend as any side break out would give a good move.


No comments:

Post a Comment