For 20-05-2011.

Today NF was mostly moving flat. And not even break last day's high or low.
Most of the trading time,moving in between hourly high Ema and hourly low Ema, and
lastly closed above hourly 10 Ema.
If tomorrow in trading hour, NF can sustain above 5440, then can gain strength and can test
5487, its a view from important hourly EMA side.

The +ve divergences developed in hourly and Day charts last day, today also found in the chart
with more clear view fro last day.

The weekly Chanel support is the crucial support down-side at 5389.

Now the next chart......
RSV-line is nothing else, its our SAR level with 3 lines.
In Yesterday's post, check the 30-M chart RSV-line, one last 30-M bar closed above
RSV-line-3.
Today last 30-M bar closed above RSV-line-1 bar(5432).

Now check below hourly chart with RSV-line.
One last bar closed above RSV-line-3 bar. If tomorrow, one hourly bar can go above
RSV-line-1(at present- 5448,Tomorrow first hour it can be at 5446-5450), and can close
hourly bar above this line, then it will be bullish.
Below RSV-line-3(at present-5426) it is bearish.

Its all the simple view of current NF position. Let it first clear the next trend.


Is NF preparing for this .....????........Next chart......











All levels and charts are for my own trading purpose,supports,resistances and target. Others can use it for educational purpose.