NS is resisted at the trendline and 200DMA at 5715 - a close above which is essential for this upmove to sustain.
Action plan for the Day
Sell below 5700 with SL Hourly Clse above 5720
Buy above 5720 with SL hourly close below 5700
July 26, 2011
Analysis for July 26
Ns moved past all resistances and made a High of 5700 yesterday. It has closed above all pivots, High ema's - except for month High ema.
NS is resisted at the trendline and 200DMA at 5715 - a close above which is essential for this upmove to sustain.
Action plan for the Day
Sell below 5700 with SL Hourly Clse above 5720
Buy above 5720 with SL hourly close below 5700
NS is resisted at the trendline and 200DMA at 5715 - a close above which is essential for this upmove to sustain.
Action plan for the Day
Sell below 5700 with SL Hourly Clse above 5720
Buy above 5720 with SL hourly close below 5700
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