- Nifty is resting on trending channel since last week low
- Highest volume has been observed today since Feb 24
- Moving average crossover is about to happen
- RSI is strong above 30
- Nifty moved up despite 9 yr low GDP numbers, showing strength
- This can be also looked as expiry day effect, my fingers are crossed
- European inflation data is lower which is above expectation
I strongly believe 4750 is last low for any immediate blow for the month of June 2012.