On for next move

Markets managed the morning selling pressure and took an U turn @ 4580 level and crossed the day high with smart volume. In the mean time Nifty has obeyed the gap zone created on monday and closed well above the previous closing.

Even 4688 is not crossed, Nifty future has touched 4681 once. All these suggest for a big up move in coming days. If world markets trade in green then we may see Nifty above 4700.




Levels for the day : (Nifty future)

4633 - 4666 - 4688 - 4737 - 4770

Longs can be initiated above 4690 with stop loss @ 4666 and can tgt for 4737 and 4770.