Feb 8, 2011

EOD update Feb 8 2011

The Cup slips from the lips ........

Today action was such a one . With the break out of inside day of  yesterday low NF did a sell off with some hiccups. Where is the bottom ?? Difficult to define as all the supports are getting butchered down.

For tomorrow obviously we are touching the cursed level of 5270 NF.Aggressive buying at 5270 can be done with immediate target of 5345 MAX. Below 5270 Support lies way down at 5169 thats the reason i am expecting a bounce form 5270 level.

Lets hope Market obliges us.

Polaris too today made a high of 194 and slipped down. Still it is looking ripe for shorting with target of 177.

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