Tuesday, May 15, 2012

Will it test 4821?

Above 4941 a bounce is expected. Decisive move above 4966 will strengthen the up move. Close above this level will turn it ST bullish. Firm close above 5103 200 D SMA is bullish.

Below 4913 daily pivot, market may test 4821. Break of which may have support at 4751. Below which more bearishness prevails.

NIFTY:




OI:



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