Pull Back Raily

 

Can we call Nifty has bottom up for this month and no further low is expected below 4673.85? I think yes we can say like that.

• RBI monitory policy lined up tomorrow which will give further direction to market
• Today's rally was because of accumulation of long positions ahead of RBI meeting
• Volatility increased marginally means everyone is waiting for only RBI meeting
• Larget OI at 4700 put suggest Strong support

Intraday Nifty Dec 15, 2011

We have our position still open of 4700 call, hence I am not updating tradebook