Tuesday, July 31, 2012

BN, breaking out, enters an event-bound day.

BN is poised at the middle point of the monthly range on the last day of the month with an event filled day, an event that has thrown surprises in the past.
As long as 10240-290 holds, the short term uptrend is safe.
Aggressively, one could use 10334, JNSAR to deal with volatility.
Favourable news could propel it past WHEma & MHEma while
Unfavourable could drag it below 10335 towards 10240/10200..

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