Friday, December 12, 2008

LOOSING MOMENTUM

Market on trot for last five days is exhausted. Profit taking seen at higher levels and buying at lower levels. Trading range set up yesterday was NS 2934-2861 . With negative global cues , profit taking is likely by nervous traders.
Today's level : Bullish over NF 2916 for NF 2945-2954
Bearish below NF 2902 for NF 2872-2832

Breakout Levels : Bearish break out below NS 2820
Bullish break out over NS 2963