Monday, June 29, 2009

PRE BUDGET RALLY

On Friday, NS managed to stay over 5 SMA and rallied from there ....followed by short covering over NS 4339 . Daily charts are positive whereas weekly still showing negativity. Today's pivot and support is NF 4346 for resistance at 4423-4434-4461 (20 SMA at 4446). Weakness below 4329-4308 for this rally.