EOD Update March 15 2011

"Morons with House of Glass have no right to throw Stones on Others"

If we cant support a Noble Cause then we have no Right to dissent it.The message is quite clear. We don't want any Morons at our JN Family.

Today's Action reminds me of the Jan 2008 crash. The events Globally are happening in the same pattern as they were earlier in 2008. Earlier it was Lehman collapse now it is the JAPAN disaster. Mankind has been always supreme in terms of coming out of the clutches of dreadliness and shining again. The Japanese are known for their valor and determination and this time too it will get proved right.

Comming to NF still the Tussle is going on between the Bulls and Bears.

The Reason being with so much Bearishness world wide  NF showed resilience at 5370 . So the tussle.May be just due to Reliance. But How far can a single Bull will be able to hold NF. The answer always lies tomorrow. But the Action remains bearish as of Now.

For tomorrow Resistance is place at 5485 above which a quick bounce to 5525 and above 5525 the last of Bull may take it to 5575-5585 NF.On the contrary below 5415 we would visit 5370 and below it carnage till 5257.Still it is Sell on Rallies only.

Last but not the least

" Those who have castles build in air never should question the Foundation of Others"