Monday, July 6, 2009

BUDGET DAY

Volatility expected on Budget Day with daily charts in positive mode and weekly in negative... till then swings can be on both side. Today's pivot is NF 4389 with resistance at 4461-4497 and support at 4389-4352. Last swing was at NS 4339 which needs to be taken out and NF has to stay over 4372 for upmove .