yesterday move of NF from 7967 to 7939 and then back to 7950 lvl looks like shorts are getting build up if you remember same lvl 7968 was short initiated from 7968 to 7862...so if NF has to move up then it has to break 7970+ lvl which I think will be diffcult ,also if you observe in last 40 min of trade yesterday , look at 7900 PE Sep , you will get some idea of price distortion with Index , I feel game has been set now let see of 7860+ lvl will some sooner or later...moving from 7968 to 7866 is 100+ point ...
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disclaimer no open position...will wait and watch NF move...happy ganesh chathurthi...to all viewers...see u next week...