As title of 6th Jan NF update said- "b"shape long liquidation ?? Bears took control form the open of market, with no support coming from responsive buyers NF closed 2.6% down with above average volume.Fall is too much too fast. Now whats next ?? I have marked Trend lines on chart. In Market profile terms last week NF made overlapping higher Value area but closed well below last two weeks low.Very bearish,Hitting 3 VPOCs on the way down. @-)
Lets see on Monday, how market opens n whether it continues its move down or get some Bounce to 5940-5960. If we see some recovery, stocks to watch are, Bank of India @ 450 +1.6%(chart in earlier post ), Bank of Baroda @848 +1.2% are stocks which closed positive.
About earlier stock chart posts..ABAN hit stop loss of 772 on closing basis.