VOLATILITY AT PEAK.....

Yesterday's ' Evening Doji Star' is now followed by 'Inverted Hammer' means shorts are being covered at bottom which led to "V" shape recovery. We are in last phase of bottom formation where buying will emerge vigorously at bottom. Its getting difficult to call the bottom but the range should now be NF 3420 to 2990 for next few days. Market has to close over NF 3512 for any upside momentum. Pivot for today is NF 3250 with Resistance at NF 3361-3431 and support at NF 3219-3149.