I was not able to update my blog,,,having some development work .
our level 4648 was broken for a while on monday,,but was recovered before closing.
since our markets are still not able to get momentum on the upmove,,yesterdays initial rise wasnt able to cross fridays highs,,,resulting finally to breach 4648..yesterday decisively.
A very strong support zone is around 4550..and than at 4504..in my opinion,as theres is no bearish momentum either...NIFTY MUST NOT BREACH 4439......IF 4439 IS BROKEN ON THE CLOSING BASIS...IT WILL NOT BE A GOOD SIGN FOR BULLS.
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