Monday, June 25, 2012

Morning Updates


Good Morning and Happy Trading.

Friday before opening written 200 DMA 5086 will act as crucial support; NF made low 5090 and taken a bounce back.

Today’s first resistance is 5180, if NF trade above this level with volume then 5197/5201 will be tough hurdle. If NF able to cross this level and stay for few minutes then 5215 -- 5224—5232 will be the next hurdle. 06:47 am

If NF fail to breach Friday’s high (5167) and start to trade 5142 then what??? Today’s very vital support is 5088, if NF touch or break 5088 then sharp selling will start….. 06:47 am

For some technical reason there will be no more intraday updates.


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