Feb 10, 2011

EOD Update Feb 10 2011

Let me take this opportunity to thanks All my JN mates for their wishes and blessings and their support through my journey  !!

Today We have observed some kind of consolidation with wild moves in a tight range.The trend is definitely on the verge of reversal.With today's action it has been proved.

For tomorrow too look for buying near 5220-5230 Nf with SL of 5190 for targets of  5310.

I will avoid any kind of shorts as of now as we are hovering in the oversold territory and VIX is giving and indiation of further downmove.

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