Dec 13, 2010

EOD Update Dec 13 2010

A stupendous show both by the bulls and bears ..... & .... the credit goes to Bulls.

Today after the morning panic and sell off just owing to some rumors of  Korean shelling NF managed to make a double bottom intraday and just cleared the major resistance 5844 NF and then 5885 too. Today NF has closed above the upper band of the trading range. It suggests that NF wants to move higher.Look at the charts a clear breakout with volumes above 5880 NF.

For tomorrow supports exists at 5880 NF and below it 5844 NF. Look for buying near the supports for target of 5987 - 6040 -6141 NF. It would take time but have patience as Patience pays.

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