Wednesday, July 22, 2009

SIDEWAYS TO POSITIVE

Yesterday, NF took support at first level of 4438 and bounced from there and with this the hourly charts also corrected. Today's pivot is 4472 which is also the closing price. As long as it trades in positive territory and over 4493-4512 , bulls are comfortable; support in the range of 4454-4443 and final around 4385-4365. Close over 4540-4550 will be a very bullish signal.