Unexpected strong rally after gap down opening at the first support level given. Bulls are in command and RSI daily is overbought at 85 ...so is the PCR over 2.0. Target for the wave is 200EMA which is at 3395 or 200SMA at 3445 from where some reaction can come tomorrow.
Today's pivot is NF 3294 with resistance at 3414-3472. Stop and Reverse for the rally now is NF 3221.
Thursday, April 9, 2009
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