A Sugar Less Day .......
After the Budget Day Volatility Such days will look to us more like Sugarless only. As expected NF crashed Below 5470 to find support at 5400. Taking the support of 5400 NF Bounced too.I missed the bounce in expectation of further fall down but as said market is always supreme. NF has closed below the 5470 mark and thus the bearishness prevails.
For tomorrow 5470 too will act as resistance and any move above it will give a quick 40 point rally till 5510 -5525.Below 5470 tomorrow too a fall can be expected till 5398 - 5370 - 5313 - 5256.
The last thing to point out is that Crude is the decider for market worldwide and till it doesn't cool off the fall will become severe in coming days.
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