Wednesday, June 24, 2009

RANGE BOUND BETWEEN 4200-4300

Sideways move expected pre expiry of F&O. Yesterday's recovery was led by Reliance & ONGC. Today's pivot as well as balancing range between bulls n bears for next few days is NF 4221-4235. So far gap up opening leads to creation of shorts . Today's resistance is 4285-4314 with support at 4215-4182. Watch NS range 4282-4214 .. with strength as long as NF trades over 4252.