Wednesday, November 12, 2008

WEAK HANDS GETTING OUT..

One day UP and next day DOWN, market is throwing the undisciplined Bulls as well as Bear on either side...... Yesterday, break and close below NS 3030 led to further selloff. Weakness will continue till it trades below 3030. Best strategy right now should be Day Trading till a trend is developed. For today, strength will be seen only above NF 2978-2998 for target of NF 3028-3058. Support at NF 2862. Break Of NF 2854 will find support at NF 2778-2631 range which should provide life support for Bulls.