Nifty Chart

Position : Long

With risk takers Long from 5630(qty 500) + 5590 (qty-500)
Without risk takers Long from 5590(qty-1000)
Cmp-5609

Keep sl 5550 for long on closing basis.

Exactly bounce back from 38.2% of 4531-6229 is @ 5580
Low - 5566(24.6.13) and closed 5590, above support.
Low - 5570(25.6.13) and closed 5609, above support.

Oscillators are at over bought zone.  Trend indicators are at buy position.
So today may be sideways.  Sector wise movement is possible for one or
two days.

The whole trend will change above 5750 only for the target of 5850-5900.
The trend will continue if break 5550 on closing basis for the target of 5477
wait and watch the move, Tomorrow expiry also.

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