It's now BULL's turn

Nifty has taken support almost at midpoint (3900) of the long gap between 3700 to 4100. So surely there will be an attempt for a recovery. Some expectation on RBI announcement on cards. Moreover results from financial sector will do the trick.

I am more bullish on BANK NIFTY. 6900 is possible in a day or two. Yesterday we had initiated a positional long on Nifty and on RIL.

Levels to watch out for today:

3955 - 3994 - 4021 - 4044 - 4086