Good Morning and Happy Trading. From
4822 level (06.06.2012) writing continuously that NF is going to make a “W”
shape, and target was 5144….NF made high 5144….on 13th of June.
Yesterday
before opening written 5090 is last hope for Bulls and after breaking this
support NF dropped vertically upto 5046.
Today
if NF able to sustain above 5046 with volume then it will try to create a
damage control move. If able to breach or close above 5153 then only a fresh
buying opportunity will create, otherwise down trend will continue…
Today’s
1st support is 5030. If NF break this level or close below this then
coming support level will be 4904.
Today’s
1st resistance level is 5084—5090/93. If able to breach this level
with volume and stay above this level minimum 45 minutes then next hurdle of NF
will be 5105. After that 5151—5153 will be a major hurdle.
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