THOUGHT FOR TODAY
WISHING YOU A PEACEFUL CHRISTMAS AND A HAPPY AND PROSPEROUS NEW YEAR
(Updated on 25-12-2012 at 07.20 AM)
On Monday written NF would not break above 5879.
It made high at 5877 and traded in a rang below
up to 5853.50
No need to change levels.
5879-5885 is a strong hurdle.
If breaks lower below 5847 and sustains below
which for 15-20 minutes then correction may
extend up to 5825.
If not breaking 5847-5842 range decisively and
trades above 5885 with sustained vol and price
then rally up to 5911 not ruled out.
Break below 5825 may take NF up to 5809-5780.
5780-5760 major support zone.