(Updated on 05-09-2012 at 08:10 AM)
As mentioned yesterday Nf has support at 5256 and
resistance at 5310.
NF took U turn from the low of 5258 and then itched up at 5205.
Now for today…
5285-5279 zone is intraday support zone.
If sustaines above 5297 and crossover 5308 then expect
rally up to 5320-5328 which is hurdle zone.
Break below 5272 may drive lower up to 5263-5256.
IF trades below 5251 with sustained volumes then
expect panic selling up to 5238-5228-5210.
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