Short covering rally seen at yesterday's closing. Indecision due to U.S. elections may result in profit taking today as well as volatility. For short term gain, one can short with Stop Loss of NF 3076 for target NF 2901-2848 ; pivot being NF 3021. As the short term daily charts have turned positive, i'll just take it as technical retracement of mildly overbought in hourly charts.
Tuesday, November 4, 2008
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