Is is a short term reversal or March Euphoria.
Today NF has managed to close above all the resistances. Also NF has closed above 5531 hence implied bullishness. Tomorrow's Action would confirm the short term bullishness.
For tomorrow the last hurdle is at 5577 NF Above Which 5620 is the target. Below 5508 NF we would visit 5480 - 5460 NF.Till now we are in a broad Range of 5620-5370 and the break down level comes to 5460 NF. I expect a High volatility Tomorrow.
Those Who are having losses in puts can buy equal amount of NF at the supports and Sell at the Resistance to lock in the loss incurred due to puts.Lot size may vary according to Risk appetite but i would suggest a minimum of two lots of NF to trade.I would be posting the Trajectory to trade after 6 PM in the next post.
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