"Life never comes with guaranties and waranties it always comes with possibilities and opportunities"
At last the unexpected happened. As the saying goes yesterday was a possibility and today it turned out to be an opportunity. Yesterday mentioned that break on either side would give fierce moves . Today the same happened when NF got resisted at 6327 and broke the yesterday low of 6295 it was no looking back and NF continued its south-wards journey. Also the earlier support of 6245 too got broken. Bears would be definitely rejoicing. Volumes at the end session are confusing "Is it profit booking by Bears or Buying by Bulls at supports".Tomorrow the picture may get more clear.
For tomorrow NF resistance comes at 6261 and above it it may be a cake walk till 6320 . On the other hand below 6243 NF 6179-6141 are visible targets.6300 Call/Put OI favor the bearish possibility as of now. Also 6200 calls are being written suggesting downside till 6179-6141.
My position as of now : 50% covered ( Shorts taken at 6275 NF ) and 6400 Calls open.
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