Wednesday, June 27, 2012

Morning Updates


Good Morning and Happy Trading.

Yesterday before opening written 5148 is tough hurdle….NF made high 5141. 06:30 am

Below 5113 today’s 1st support is 5088. If trade with volume below this level at least 45 minutes then a sharp down move can drag NF upto 5017—5013—5010. Last 5 day average low is 5094 and 200 DMA is 5087, that’s means NF trying to making base above it, if once break 200 DMA then free will start. 06:30 am

Today’s 1st resistance is 5141 (yesterday’s high), if able to cross and stay above this line then NF may face resistance at 5190—5223. (But chances are very light). 06:30 am

The picture of two half will differ, and the move will be one sided. At any stage sharp reversal not ruled out. Before 24 hours of Dere. Exp. trade with strict stops. 06:30 am

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