Thursday, May 17, 2012

Nifty heading for a small bounce?

Mild strength above 4882 which is one point above R1 of the daily pivot. Above 4925 5DEma or 4932 80% retracement of the fall from 4955 to 4837 will add more strength to the up move.
Move below 4751 will be more bearish.
NIFTY:




OI:



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