NF achieved my target 5530-5550 Made high @ 5542 on 14th March 2012 and  closing made was positive 5508.

But Today after making high 5508.40  Sell off came in market after RBI policy Rate unchanged which taken low 5397.35 & close @ 5419.10.

Intra-day I was expecting Fall upto 5393 but I was suprise to see NF closing below 5439. 

Holding Buy position. 

Support @ 5382.

IF Trade below 5382 then watch panic Selling upto 5248-5100.

Above 5439 no problem for bull it can Touch 5471-5492-5505.

IF close above  5492. then non stop 5680-5728.

Note :

19th March 2012 is 90 days from low – Trend change

22nd March is  New year very important for Financial market -higher possibility Trend change.

Speculation 

1. NF must make New top till 22nd March and complete 90days bull, Till now Nifty high is 5630.

2. NF must Touch 5100 Till 22nd March and complete 30 days correction from 5630.

3. NF must Touch 4811 till7th April 2012 and complete 45days correction from 5630.

22nd March 2012.