INCHING TOWARDS 200dma...

Though Bulls are in command...they seem exhausted running for 200DMA. Previous day, we touched 200 DMA (E) and profit taking. Weekly pivot is NF 3308 for target 3424-3493 and support at 3276-3218. Today's trading strategy should be to keep NF 3358 as stop loss for longs for target 3383-3411 or short below 3354 for target 3328-3300. Long break out over NF 3411 which though looks unlikely. Expected flat to positive day. Over 3411, we have target of 3522-3594.