Today NF  open with gap down and after making exactly low Near my support level 5138  taken uturn and went higher upto 5187.45. and close @ 5177.

From high 570o my downside Maximum Target was 5138-5100. which is almost achieved.

Bull will get arrest only Below 5050.

Support @ 5112-5138.

Above 5174 No problem for Bull it will touch 5256.

If Crosses 5256 then watch 5282-5338.

Today is weekly closing ,Nifty Spot need 100 point on upside for positive weekly close  -very much  expected.

Note: 

Today is weekly closing , monthly closing and Quarterly closing

IF nifty spot  Monthly  Closing is  above January High then i m expecting NF to hold 5100-5050 level and NF will go for all time high in November 2012-January2013.

Maximum correction will last upto 6th April2012.