Any insights as to why?
I was a bit +ve bcos Fridays breakdown didn't sustain and there was a recovery on the downside.
NF, I don't see any downside before 9260-82 on the closing basis, in the worst case. And, mostly we will not see this next week. 9380 - 9400 will be the area of the fight, possible Bull pushing through it as well.
BNF might see a positive open, but it will ditch the DO by some decent pushback within 1st hour. The ideal buy zone (as per my chart, for next leg) 455-500, It will satisfy my rules
- but as I said, tomorrow Global Market will be a big rally for Pain-reliever from Le Pen
Gap up, sideways - and then up till close, contd for next day - to sell off. So Tuesday the positional longs will book profit
BNF, I am not confident if it has completed the low swing yet. A little 100 point intra-day dip will be perfect. Let see, what Market is planning.