Dec 8, 2010

EOd Update Dec 8 2010

Bulls again at the mercy of bears

Today visible selling/profit booking was seen in market. But the selling was not that much severe every long got the oppurtunity to exit at cost.Below 5987 it was real pani in the market. Market took decent support at lower level but  buying was not visible.I would suggest going longs at the support level for immediate target of 5966 5987 6030 NF.

For tomorrow 5930 NF would act as resistance and above it 5987 NF is the visible target . Below today low panic again towards 5840 NF. Look for buying at supports as still the up trend is intact.

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