The Heart Needs Reasons for .. That Reasons Dont Understand..May be the Pre-Budget Glitters
A well planned trading strategy would have given almost 200 points today . As expected NF bounced from the multiple support region after the morning sell off.What a Day.Today was a day when any body could have played blindly on the buy side. Though NF moved in the lower orbit in the morning the bearishness was not visible with the increased addition of 5400 puts. Even I Bought NF at 5436 and exited at cost. You can call it lack of patience. 5500 NF was a resistance but the last 30 min action makes us confused.At present 5556 will be a hurdle to cross above which again a swift move towards 5620.
Raise the SL for positional longs to 5370 Now.
A well planned trading strategy would have given almost 200 points today . As expected NF bounced from the multiple support region after the morning sell off.What a Day.Today was a day when any body could have played blindly on the buy side. Though NF moved in the lower orbit in the morning the bearishness was not visible with the increased addition of 5400 puts. Even I Bought NF at 5436 and exited at cost. You can call it lack of patience. 5500 NF was a resistance but the last 30 min action makes us confused.At present 5556 will be a hurdle to cross above which again a swift move towards 5620.
For tomorrow 5470 is the immediate support where buying can be initiated and also above 5556 NF buying can be initiated for target of 5620.The range too has shifted from 5400-5500 to 5500-5600 in my opinion.
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