Tuesday, May 26, 2009

RANGE COMPRESSED

The range is getting compressed and should give a big move in a day or two.... but with settlement getting closer and FII's selling stock futures in huge quantity... one need to be careful. Today's pivot is NF 4241 for target 4261 and resistance at 4280 whereas support lies at 4223- 4203. NS is stuck in zone of 4224-4248 where maximum activity has taken place in last three days. Watch 13500 on sensex.