For 11-05-2011.

As of now it looks like a time correction before a long deep fall. After bounce back above down
side Chanel, NF not breaking this Chanel closing basis.

Today NF was bullish from OI side also, but got resisted at hourly 50 EMA and fall down.
But still manage to close above this down side Chanel and hourly RSV-3 line(chart given below).
And today NF manage to close above hourly low ema.

So if tomorrow this hourly low ema intact which is at 5541, then can again go up side.
In this above chart, you can see the down side Chanel support at 5508-5509, and up side
Chanel Resistance is at 5636-5645.
I am not thinking that NF will start fall at-once, it can stay up-side more few time before fall down.
And expecting NF can go towards 200 Dema, which is now at 5634.
Tomorrow real up move can start above 5557.
And if can cross hourly 50 EMA, which is at 5597, then can go above 5607 and 5620.
And above this is 200 DEMA.

Now look at this RSV-line chart ---

H1 chart

After today's sudden intra-day fall, still not a single bar closed below this RSV-3 line.
That means, we can expect farther up move.
If any bar close below this RSV-3 line, then we can expect a bigger fall ahead with price confirmation.

And below is the RSV-line chart of H4 time frame.

H4 Chart

Here we can see NF is moving towards H4 RSV-line.
So tomorrow will have to see its behavior there.

Will post these RSV-line chart in trading hours.

All levels and Charts are for my own trading purpose,targets,supports,resistance. Others can use it for educational purpose.