Tuesday, June 12, 2012

Morning Updates


Good Morning and Happy Trading.


From 4822 level writing continuously that NF is going to make a “W” shape, and target is 5100 to 5144….look NF already made high 5124…(302 points).

Yesterday call was sent to our subscribers to sort NF at the range of 5109 to 5115; all of you know very well what happened, it crashed vertically to 5034.


Today look very carefully at 5056/57/59 levels as hurdle. If trade above 5066 then may face resistance at 5066/78/81/84.


If today there is a gap down opening then d’t panic at lower levels. Today’s major support is 4987 to 4984.  If break this level and start to trade below 4979 then NF may test 4960—4949.

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