08/09/2012 Saturday
Hi all,
Yesterday's range was too small to forecast, so I have combined yesterday's and today's range and have given the forecast for Monday.
Monday's range is 5391-5313 with 5313 as the trend setter. In this rally 5335 has become the main support even if NF does trade below 5335 it will be a buying or adding opportunity.
The minimum target is 5440 when NF sustains this target I believe that 5469 should be taken out easily. Then steadily I'll go for 5626 target.
Resistance will be at 5500-5510, 5550, 5590 and then it's 5626. During this rally market will be volatile.
The above is what I have perceived, lets see how the market rewards us practically.
Coalgate is getting Bigger n Bigger with spikes growing all over it. I hope the spikes does not puncture our rally.
Well! Let's, All of Us Hope for the Best.
Bye