When this pattern occurs within a prevailing uptrend, it can signal a very reliable continuation of the uptrend. But NF can also break down here because, volume not increase as expected. We are thinking to target 11000 and then possible to break down 400-600 points.
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We have updated NF with daily chart. Plotted both side move and range break out level on chart. This typed move will result you very big price move. Traders should be very careful during the break-out of any side.
There are important levels, 10974 and 10775. Breakout any side result you with bigger move. This bigger move can give huge amount of profit in option trade.
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We have found the short term trend over the NF which is intraday between 10878 and 10988 as per chart. Look at the chart.
The support at 10876 nearby, what can keep NF around this level. After breaking. We might see more fall and increase volume to buy PUT 10800 NF strike.
And, another scenario is to act at resistance 10988.
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Last update was trading in option of NF 10900 put @46 and now its traded 340 above.
Look at the chart, We did not update too much thing now. But we are waiting for clear picture of direction.
NF has support 10489 to 10511 but, as per current fall, it can break this support.
After breaking and closing below this support, NF can fall up to 300-450 points
We can see buying in option and NF at this support.
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Yesterday We have sent a message to our SUBSCRIBERS : to buy NF 10900 PUT strike between 34 and 45 for targets 88 and 142-172.
Today, NF trading at its own support as per chart @ 10888 nearby intraday bases.
Lot for subscribers has tripled their money on EICHERMOTOR option call of 24000 bought @200 nearby and sold 600 targeted.
Be careful when NF bounce above 10970 above… exit if stay above it from PUT.
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We are going to see clear TOP of NF future. How will you know that!
If you found the TOP of the NF, then how will you react on it?
NF can jump up direct 42-75 points from today s and, then we are going to seek for top.
Option Trading is good after clear picture of TOP will return you Tripe/Fifth time return.
NF resistance 11000 to 11100
Intraday support 10900
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