I was out for a family vacation.
I am back now.
Nifty from 4920 rise upto 5170 & back to 4820 in the whole week.
Now nifty close on Friday is 4867.
Trend is down & sell on rise is the mantra for the time.
But strong suport lies in the range of 4800-4820.
So can long near to 4800-4820 with sl of 4780.
Shorts can be reinitiated in the range of 5000-4980 with sl of 5050.
Bounce may appear as due to oversold conditions.
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