(Updated on 11-07-12 Time 08.40 AM)
After remaining below range of 5340 and then
correcting by about 75 points it succeeded to
take out resistance level.
As indicated here above 5298 it sustained and
moved upward upto 5363.
Now for today…..
Nearby support is 5333-5322.
5320-5305 zone is strong intraday support.
It will show more strength above 5352-5360 and
likely to kiss 5378.
If stays above 5378 levels for 15-20 minutes
with volumes it may touch 5420.
If trades below 5296 then NF may see 5285-5878 levels.