I am expecting a weekly Doji on NF this week, mostly a downward exploration till 8980-9002 level, followed by buying. Not sure 9100 would be defended or not for bulls. But one thing is clear - this is probably the last leg of pullback (if happens) we are going to get, before a sharper move, levels? well let see. 9400 is on radar.
So for expiry week - on Spot
(breakout above 9127 with day closing) - well Bears are getting roasted
(Breakdown on 8984-8980 level with day closing) - There is a massive fluid gap, it will be disastrous for bulls. And I am not talking about 100-200 point downfall here. But if this happens, this will be clear trend reversal in daily terms.