Friday, August 14, 2009

BULLS BACK AGAIN

Bulls showed their strength by retaining the gains of the gap up and surpassing all resistances. Today could be day of consolidation after a strong upmove. Pivot and support for the day is NF 4582-86 with resistance around 4641-4652. FII's turned buyers yesterday and market breadth was excellent.... daily indicators turning positive. For rally to stay positive NF has to stay over 4510 and preferably 4542-52.