Monday, November 10, 2008

HOLDING SUPPORT..

Market held on to its first support of NF 2869 for two days and has bounced from there. Range now is 2860- 3250. Breakout on either side, should give a move of 200 points. I expect the market to trade in this range for the week. Now,one can keep a trailing stop loss starting NF 2950 for longs for target 3025-3065-3094-3135. Bullishness can continue till tommorrow but wait for DIPs to go long.