Weekly view.........13-6-11 ----------- 17-6-11

As I was expecting, fall was not complete and few fall was left. Still few down side left also.
At once, if can go above 5490..then probably can go towards hourly high Ema 5499-5500.
Strong up side Resistances in between 5499-5501-5502-5503-5505-5508.
So, I think at once NF will not sustain above these Resistances..because i think few down
side left yet.
And Down side ..NF can fall up to
(1) 5434-5430-5427. And below this can fall up to
(2) 5393-5383-5381.

And expecting can bounce back from any of these area. If can bounce back from any of these
are, means, from (1) or (2)...then a Inverse H&S pattern can form...and above 5604 or 5614,
it will trigger.
A H&S pattern also already formed....now have to see, which way NF will go.......check the
chart below for H&S pattern and Inverse H&S pattern..


Now..Through EW analysis .......Just point out two pattern....two simple pattern, not going for complicated once....only for Reference and probable path.. NF can go next.

This EW count is bullish....up to very short term......and after this main "B" wave, a big fall will unfold towards 4800 level.
And this "B" wave can unfold to which level, will check it..but let it confirm first.

And the second one is ------

This EW count is bearish....and can unfold towards 4800 level..
But this wave count can unfold, if NF break 5330 and trade below 5300....

Summery-- As of now, I am expecting first EW count, means, bullish count. But market is
always supreme, and it will decide the next very short term move..
Will watch and act according to that.

Lets see.............








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