Tollay missed todays action because of some social obligations.Today was a day dominatied entirely by buyers.After side ways move in the morning once NF crossed there earlier resistance of 5940 it was a cake walk above 6000 NF. Just NF defied all laws of gravity today.Shorters be aware was the clear message today. Why i am saying this because looking at the options OI today 6000 calls have made a comeback by decent covering and viceversa 6000 put has build up considerable OI today suggesting 6000 NF as the immediate support as of now.
For tomorrow 5987 NF would acts as the support and below it 5940 NF as major support where again buying can be done. 6041 is a minor resistance area and above it straight way to 6085 NF level where major resistance may be faced Above 6085 straight way to 6141 NF where there may be a temporary halt for the time being.
I would suggest going long on dips as looking to todays action we might trade in broad trading range of 5800 NF to 6400 NF.I am not able to post the intraday charts so would post tomorrow morning.
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