OVERSOLD LEVELS

It was little overdone and now we are in oversold levels in hourly chart. Gap up expected today with profit taking in morning. NF pivot for today is 5014 for target 5032 and resistance at 5059. For upmove, NF should trade over 5042 ( 20SMA). Support lies at 4976-4952. Take care as NF should not break 4952 in close which is a important level. On upside 5072-92 still remains a resistance level.