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SwingTrader

Sorry...couldn't post yesterday...was too tied up. Today too I am tied up after 11:00.

SwingTrader · Posted: Tue Nov 02, 2010 9:21 am Post subject:

02.11.2010

NF has opened between LOC & BEAR. There is good support around BEAR (89 EMA is also around bear). Watch for this support - BEAR-S1 area. If it breaks we will see a retracement of yesterday's gap up rally. Above LOC, we just continue the uptrend.

SwingTrader · Posted: Wed Nov 03, 2010 9:24 am Post subject:

03.11.2010

NF has opened in the BULL-R1 band which is a key support/resistance area. A break above R1 will take the NF higher, a break below BULL will put it back in the sideways trend continuing since 2 trading days. The supports below are around LOC & 89 EMA which is just below LOC. A move below LOC will setup a test of BEAR-S1 band.

SwingTrader · Posted: Thu Nov 04, 2010 9:27 am Post subject:

04.11.2010

The BULL-R1 band is again in play as NF has opened just above R1 and has retraced into this key support/resistance band. We can expect significant support here.

A break below BULL will probably take us down to test the LOC around where 89 EMA also there.

A break above R1, on the other hand, will be very bullish.