A dreadful expiry ..... Didnt expect so much hammering.
As such below 5370 -- 5258 was expected and NF manged to reach that level.Almost before budget every body is trying to exit. Is the budget going to give a break out. Monday will have the answers.
Well For tomorrow again 5167 is the level which may act as support for intraday bounce.But below 5167 we may visit 5050 levels. On the upper side the zone of 5358 - 5370 - 5427 NF will act as resistance where again selling can be done.
I would look for buying near 5167 - 5137 region for an immediate bounce.
Only one word --- Be ruthless with your SL
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