January 17, 2011

Normal Day

This was all days activity-Nice balanced profile.NF opened below Fridays range but managed to close flat-doji on daily chart (Indecision).
NF formed wide IB of nearly 60 points..tried RE above IB in "H"period but got rejected n finally closed inside IB @ POC.
so finally bears are on Pause mode.
Now going forward if today's low of 5627-5610 holds, can see  some upmove..levels to watch above 5710-5715 are 5780-5830.
On the other side if this balance breaks on downside, then we can see fast down move as it will be initiated by new sellers.

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