DISAPPOINTMENT

What a Sell out yesterday..... Today a bounce back likely if FM gives some clarification to NF 4253-4276 with strong resistance at 4353 level. If trading in negative , NF can find support around 4055-3955. Trade with care

BUDGET DAY

Volatility expected on Budget Day with daily charts in positive mode and weekly in negative... till then swings can be on both side. Today's pivot is NF 4389 with resistance at 4461-4497 and support at 4389-4352. Last swing was at NS 4339 which needs to be taken out and NF has to stay over 4372 for upmove .

DIRECTIONLESS

Market is direction less in the range NS 4370-4340-4270 with break down below 4250 and final support at 4170 and break out above 4390. Till then buy low and sell high. Today's pivot is NF 4333 with resistance at 4373 and support at 4318-4291-4270.

SWING BOTH SIDES BEFORE THE EVENT

Range bound action to continue between 4250-4400. Today's pivot is NF 4315 for target 4373 -4382 and resistance 4408-4412. ... Support in the range 4304-4270. Upmove only if NF sustains over 4305 with long breakout over 4415

PRE BUDGET BLUES???

Was it the Pre Budget blues which led to long unwinding yesterday or technically beginning of second leg of correction will be clear if we trade below 4250-4220. From 2nd July, one of the star is turning which was responsible for bearish June. Today's pivot and resistance is NF 4330-4339 with support in the range of 4273-4240. NS should remain over 4320 for any upmove.

PRE BUDGET RALLY

On Friday, NS managed to stay over 5 SMA and rallied from there ....followed by short covering over NS 4339 . Daily charts are positive whereas weekly still showing negativity. Today's pivot and support is NF 4346 for resistance at 4423-4434-4461 (20 SMA at 4446). Weakness below 4329-4308 for this rally.

BEARS HAD THEIR MIGHT.....

Negative settlement yesterday was truly a bearish signature after a strong bull rally of over three months.We are right now in the 4200-4300 range with 5 Sma around 4265. Today's pivot is 4287-4293 for resistance around 4327-4335. Nf has to trade over 4305 for strength and preferably over 4335 . Support in the range of 4226-4192 for next few days. Gap up opening today may invite shorts.

Settlement Day

Month of june had been bearish and now we can see recovery from the lows with 4350-4415 as resistance zone. For today, NF has to trade over 4268-4280 and preferably close over 4350 for strength. Resistance around NF 4333-4360. Expect range bound with volatility with support around 4242-4250.

RANGE BOUND BETWEEN 4200-4300

Sideways move expected pre expiry of F&O. Yesterday's recovery was led by Reliance & ONGC. Today's pivot as well as balancing range between bulls n bears for next few days is NF 4221-4235. So far gap up opening leads to creation of shorts . Today's resistance is 4285-4314 with support at 4215-4182. Watch NS range 4282-4214 .. with strength as long as NF trades over 4252.

RELIANCE IN FREE FALL MODE

Reliance has been dragging the markets down and yesterday it broke important support of 1978. Weakness to continue till 30th june with next support 4090-3950. ... some bounce likely as long as 4100 holds. Today's pivot as well as strong resistance is NF 4272 with support 4164-4128. NF will gain strength if trades over 4205