yesterday nifty bounced back after crashing from days high,,but i was bit worried and a bit skeptical at the bounce..although closed flat..i didnt count ydays lows around 4480 as a support level ,instead i wrote 4450 tobe watched.
It worked fine,nifty made low at 4456..and vow !! strong come back to close at around highs.
larsen and bhel with two banking counters ,icici and axis..looks very good for a few days.
today reliance-cap,,,hinted me that 4450 supports will work..how ??
will be posting intraday 5 mins charts of nifty and reliance-cap...later in the evening..that will show why i suggest that r-cap is indded a NEW INDICATOR for nifty.
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