REVERSE TURN

Oops! i got it wrong as my mind was full of optimism with positive global cues and Repo rate cut. Morning itself started with sell off in heavy weights like ONGC, RIL, BHEL, NTPC... and nifty tested the level which i was expecting a day earlier. Today's Pivot is NF 2578 for upper targets as 2585-2598 and support at 2529-2501. If it opens low and able to sustain around 2538-2548 then one can try going long with S.L. as NF 2491 which is the monthly support. Shorts should be taken around 2578-2585 levels for lower targets. NF strong over 2589 and strong resistance at 2612 or NS 2610. Boilinger Band daily and weekly supports in range of NS 2555-2528-2488