SHOWING STRENGTH

Inspite of overnight sell off of DOW, we opened with strong buying early morning on Friday. I feel that low has been tested successfully with a bounce back to NF 2754-2832-2909 in coming days. Today's strength pivot is 2652 and 2672 with resistance at 2757-2810. Support at 2629-2592. Stoploss for all longs is NF 2540. The charts have turned mildly positive wheras the Asian markets are trading flat to negative, it could be a day of consolidation as long as we trade over NF 2652.