October 4, 2010

The morning gap has faded

  • The gap that was created by NF in the morning has been filled.
  • Now if the price stays above fridays price actions it will still favour the bulls.
  • Only if it starts trading below friday's closing price bulls has to worry. In that case a retrace till 6150-6160 levels can be expected.
  • But if it continues to trade above friday's price action we can expect an up move any time.

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