Dec 7, 2010

EOD Update Dec 7 2010

Oppurtunity will always come without knocking ... We just need to have the eyes to see it

Today too it was very simple to buy at the support level. After the morning panic NF retested the lows and managed to close in the upeerband of trading range.For me we are slowly drifting upwards and by next week a breakout is definite on the upper side.

For tomorrow 6047 NF is a tough resistance to cross but if crossed then straight way to 6090 NF. This time its crucial at 6090 NF as we have to watch the prize volume behaviour at 6090 NF. The reaon is that if the supply gets exhausted then surely we would retest again 5987 NF and 5925 NF & any how if the supply comes in then straight way to 6140 and the journey would continue.Look for buying near 5966 NF for upper targets.

Today again my terminal has been not loyal to me so sorry for the charts.

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