-As expected ,Yesterday below 5477-5465……it was in Freefall mode.
-It crashed upto 5422 level and our Target was 5432.
-Our Hurdle was at 5513-5539.In Morning it kissed 5522 & selling started.
-As expected and writing from last 1 week….NF will not cross 5700…but will crash to kiss 5300-5330 level.
-Now ,What to expect from this level ?
Break below 5432 with volumes….
If stays below this level for 5/10 minutes will take to 5398-5387 level in hrs only.
Suppose not Breaks Low of Yesterday i.e 5422 then ???
And Stays above 5434…………..!!
Then We can see Jump upto 5472-5484.
There after Rally upto 5522—5534 not ruled out.
Any Rise ,Any Revival….Best Opportunity to Sell only.
-Short Term Target :5300-5330 intact !
There after we see one last rally of this year & there after major slide will start.We dont know the reasons……..But if Neckline of H&S is broken then we see worst decline of our life time in next 5 months !!-Save this lines (Forget Economy ,Fundamentals,Blue Channels & Pink Papers ).
