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(Updated on 26-09-2012 at 07.30 PM)
Yesterday indicated that trading below 5675
would drag NF to 5661.
See yesterday it kissed low at 5661.90
Now for today…
Dont need to change the levels.
Below 5675 expect slide up to 5661
If trades below 5660 expect slide up to 5643-5636.
5696-5703 hurdle zone.
Closing below 5615 may drag NF to 5591-5555.
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(Updated on 25-09-2012 at 07.30 PM)
Yesterday mentioned that break below 5691 would touch 5675.
NF formed low at 5675
Now for Today…
Crossover 5688 expect 5703-5715
Sustained trading with vol above 5715 see 5735.
Trading below 5675 for 20 minutes then
expect sliede upto 5666-5661.
If sustaines with volume below 5660 then sell off up to 5645- 5631
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(Updated on 24-09-2012 at 07.10 PM)
Break below 5671 expect slide up to 5682-5675.
5650-5645 support zone for intrdaday.
5725-5742 hurdle zone.
5600-5628 is strong support zone for short term trend.
Three closing above 5757 See non stop rally up to 5961.
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(Updated on 17-09-2012 at 07:30 AM)
Crossover 5633 with volumes may drive NF to 5648.
If trades above 5652 for 15-20 minutes then NF will
rise up to 5667-5673.
5595-5584 intraday support zone.
Break below 5580 Expect slide up to 5567-5555-5537.
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(Updated on 17-09-2012 at 07:10 AM)
6th Sept We mentioned here in our post
NF has very strong support at 5210-5197 zone.
7th Sept. we had written that daily+weekly close
above 5399 NF would touch 5399.
11th Sept. our chart updation on NF convincingly indicated bottomed
out scenario around 5222 on the back of rising trendline support.
13th Sept. We further again that daily + weekly closinlg
above 5472 would elevate NF to 5537-5620.
Now For Today…
Crossover 5593 will elevate NF to 5610-5628
If trades above 5632 with sustained vol then expect 5645-5656.
Break 5562-5548 intraday support zone.
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(Updated on 14-09-2012 at 07:10 AM)
As written yesterday Market faced resistance at 5458 and
support at 5435.
NF formed high at 5455 and low at 5435.35
Now what to do…
Crossover 5472 See NF rallying up to 5497-5537.
Daily + weekly close above 5472 Expect 5537-5620
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