Nifty broke 4550, and reversed from 4525, closed on a strong note, also will open gap up....... so bulls hit back strongly.
today, nifty crossing 4720, will hit 4761-4781 , however sl is going to be as low as 4630.
now if anytime nifty breaks 4630 in the day, shorts should be initiated for the tgt of 4610-4590.
dont go long after a gap up, coz high inflation MIGHT effect and even if nifty doesnt fall, atleast we will get lower levcls to buy.
closing above 4640, can take nifty to 4870 levels early next week.
