2880 is the key today, longs above it, shorts below it.
we saw serious recovery yestrday, and closed well above 2842, so next positional shorts will be only once we close below 2842 levels.
also keep an eye on reliance, which i feel is showing some weakness for some time now on closing basis, i have a gut feeling that during the next fall, reliance ind is going to lead the fall.
if we open gap down, and hold 2880 levels, then go long above 2906 with SL 2880.a closing above 2906 today will mean nifty will tgt 2986-3015 levels.
if breaks 2880, i will try to short with SL above 2906 .
(60 min intraday chart attached, All Future Levels)
