Yesterday sell of in last hour of trading broken important level of 5080....but managed to close 5060++....we have to see whether this is just 'Two Day Correction Phenomenon' or anything else...
For clear picture we have to wait little....but levels are far away for day traders...so for day traders 5020 is important.....close below this level will encourage Bears to be more aggressive....and if 5020 protected then Bulls will act very strongly....
For positional....5020 and then 4935 and finally 4920/4900 is very very crucial...
if those levels are protected then there are chances to break 5180....let's see..
For TRhursday I sugest..
BIAS---positive
RANGE---5020...5045...5045...5065...5065...5105
STRATEGY---long....sl for intra long 5020.....and for positional closing below 5020
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)
