Wednesday, May 11, 2011
For 12--05--2011.
Again a flat day. As expected its a time correction, and can trade within these Chanels.
Down side Chanel support is at 5514/15, and now there is two Chanel up side.
One Chanel Resistance is at 5629/30, and another Chanel Resistance is at 5656/57.
NF can be range bound for more two days, within these Chanel.
As of now it looks like that real and big down side move can start from coming friday or from
Monday.Then we can go for positional trade.
Will definitely give signal for positional trade, when NF will be ready for big move.
Nothing more to say, as of now....Just watch Tomorrow carefully.
Lets see........
All levels , charts are for my own trading purpose,targets,support and resistance. Others can use it for educational purpose only.
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