Strength : NS found good support at the 20DMA of 5551 and closed above all 5 EMA's and all pivots. The 5ema is above the 5 Sma.
Weakness: Closed below week and Day High Ema's.
NS might find minor resistance at weekly High EMA at 5642, and Day R1 but if taken out decisively the SL for longs taken yesterday could be revised to the same based on hourly closing for intraday.
Only A desicive close below 5555 would render NS weak and back to Down trend.
Todays Action Plan:
Buy NS above 5625 - day Hema with SL Hourly close below 5590 - breakout point in trendline and below previous high of 5598.
Partbook at 5680 or revise SL to 5645 when it surpasses it.
.
Sell NS below 5625 - Day Hema wih SL Hourly close above 5630. Part book at 5560 and below it add more shorts and again book out near 5500 - 5510 levels - 50 DMA
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