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| NF daily Chart |
NF is in very overbought zone. The way it rose now it will fall in same severity. As told in earlier post price confirmation will confirm the fall. Nifty may take a chance to check 5630 and then the retrace back to 5200. shorting NF or buying March puts will reward more than risks. Below 5560 more downside to 5532. Expiry is tomorrow so be cautious.
10-30 am Update
Persisting -ve div in Hour ....suggests that this fall will be more than the recent intra corrections.
TT Data has been updated.
Before Trading please see the Golden Rules and TT Data
Nice Blog, Good information about stock market, it is very informative and helpful. I always ready to read this type of blogs.
ReplyDeleteEquity tips.
Awesome Nifty future analysis
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