Bang on Target
Above 5556 It was written that we may touch 5620 - 5640 ... Touched almost near 5600. Well the up move was really a tiring one with just in the last 10 minutes NF manged to move above 5600. This shows that resistances this time are really very strong.
For tomorrow 5625 is the resistance and NF will get sold off from there as per my opinion. On the contrary move above 5625 may induce short covering till 5680.
Tomorrow the first inflation data after the diesel prize hike will be watched for.Today we have moved above 5580 NS and thus there is a possibility that we may touch 5650-5660 tomorrow.
Still the Trend is bearish and dont get whipsawed by the relief rally. Targets open for 5465 -5430.
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