28/09/2012 Friday
Hi all,
NF open above 5705 was the signal to go long for 5782 target. Strong support is at 5743
If NF sustains trading above 5782 and if the Elliot Wave counts are correct and anything to go by then the next target is 5940.
But between 5940 and 5782, 5821, 5860, 5900 are some profit booking levels
But if for some reason market goes down then 5705 is my SL for my longs.
Bye
Hi all,
NF open above 5705 was the signal to go long for 5782 target. Strong support is at 5743
If NF sustains trading above 5782 and if the Elliot Wave counts are correct and anything to go by then the next target is 5940.
But between 5940 and 5782, 5821, 5860, 5900 are some profit booking levels
But if for some reason market goes down then 5705 is my SL for my longs.
Bye
Hi all,
The above forecast still holds true and tomorrow is the day when we will know what can be expected from the market.
The split verdict floating around in the market about NF is, weather NF will hit 5900 or 5550. And this will be known by tomorrow's NF H-L range.
In case of drastic fall in NF, keep 5743 as the near SL and 5705 as strict SL.
I'll still bet for 5782 level and then form a new strategy as per the market mood.
Bye