(Updated on 04-07-2012 Time 08.30 AM)
We recommeded to go long in NF from 5278.
As written here in yesterday’s post above
5304 market would see 5320-5336 and below 5270
it might dip to 5262 levels.
NF went up to 5335 and moved down to 5271.50
and bounced off to 5313 level.
Now for today…
crossover 5320 with volumes will take NF to 5333-5340.
5340 is hurdle zone.
Trading below 5290 will drive NF to 5270-5262.
5240 is good short term support.
To show the strength it has to cross over 5340.
If not crosses over 5340 and remain below
5313 then expect slide upto 5290-5270.
if sustains above 5355 with supported volumes then expect
5378-5393 Levels which seems much difficult.
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