(Updated on 16-07-12 Time 08.40 AM)
As written markets continued its correction phase.
We projected that above 5245 it would take NF to 5262-5279.
See it formed high at 5276.90 and moved
down as it is hurdle zone
Now for today…
5262-5279 are intraday hurdle zone.
If it takes out that levels then expect 5218-5350.
Below 5225 it may take 5210-5180 which is strong
support zone and may reverse the trend.