After a Long time Glimmer of Hope on the Horizon ....
The bullish engulfing pattern has given nearly 160 points in return.What a Day or call it a Trending Day. Technically by today closing Again we are in the bull orbit and the bullish engulfing candle too has given a confirmation by closing above the channel resistance area of 5440 (JustNifty).Tomorrow just a little thrust by the bulls may take NF to 5550 again.Till now it was an expected rally and for tomorrow the Global cues have to be watched carefully.
For tomorrow above 5460 NF will face hurdle at 5520.I am expecting a retracement till 5370 - 5355 at the max from where again we would be targeting 5620+.The strategy should be to buy at 5355-5370 with a SL of 5245 on closing basis for the above mentioned targets.Below 5370-5355 Again buying may emerge at 5245.
What a surprise it would be if we expire around 5920 --- Fingers Crossed .
The bullish engulfing pattern has given nearly 160 points in return.What a Day or call it a Trending Day. Technically by today closing Again we are in the bull orbit and the bullish engulfing candle too has given a confirmation by closing above the channel resistance area of 5440 (JustNifty).Tomorrow just a little thrust by the bulls may take NF to 5550 again.Till now it was an expected rally and for tomorrow the Global cues have to be watched carefully.
For tomorrow above 5460 NF will face hurdle at 5520.I am expecting a retracement till 5370 - 5355 at the max from where again we would be targeting 5620+.The strategy should be to buy at 5355-5370 with a SL of 5245 on closing basis for the above mentioned targets.Below 5370-5355 Again buying may emerge at 5245.
What a surprise it would be if we expire around 5920 --- Fingers Crossed .
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