Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )
Just see on Last Thursday it closed 5215 ,Now 2 more days it will have to close above 5208.
Just refresh your memory and see and last session of the year ,I had written NF will face hurdle at 5229 level.
-It kissed that level and crashed.
-As expected upto 1300 hrs…there was some movement in mkt and from 1300 hrs till end session it was dead mkt.
Now ,What to expect from this level ?
Today again it will have to cross 5229 level with volumes to show real power.
-Crossover will take to 5254-5270 level.
Short Term Target :5327-5367
Just see Triangle of 390 points -If everything is O.K then Target of 5500+ on card.
Support exist at 5184-3DEMA
Minor support at 515
Crucial support at 5144-7DEMA
