It was very much expected for me RBI has cut 50bps R.R.  Today NF was trading above 5184 so it was no problem for bull NF made low @ 5221.15 which was Intraday support  and fire work came after RBI rate cut , NF made high 5325.30 & close positively @5319.60.

Msg Sent: 

Buy NF @ 5230  Target 5428.  ” exit given @ 5280.

Buy NF again @ 5256 and hold for 2maro.

Support @ 5256-5278

Above 5278 no problem for bull  it will touch 5357.

IF crosses 5357 with volume then watch 5428.

Close above 5338 then Don’t Remain short.