Wednesday, February 25, 2009

SHORT COVERING BEFORE EXPIRY

Yesterday, mkt went low but indicators were giving positive divergence and we had bounce back till NF 2739. Right now odds in favour of longs. Today's strategy should be to go long with S.L. 2705 in NF for target 2744- 2761-2780. For strength NF should trade over 2743. Resistance at NS 2790-2808.

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