4905 is IMPORTANT

A move below 4905 will take us below 4720 levels.

will go up

mkt bound to go up....lets see till where... do not expect above 5230.

5000 SL

If the nifty crosses 4990/5000 levels it may go bac to 5170/5200/5230 levels.... if not we may head below 4720.

It mite go to 5250 or so... b4 it tops out

Nifty crossed above 5143 yesterday showing that the upside is still on...5250 wud offer a strong resistance to the upmove, however, if it crosses that level it could move up, significantly. I am not expecting that as of now.And if it goes below 5019 then the downside would have begun taking us below 4720 as mentioned earlier.

Well mostly upside over ...

Mostly we have completed the rangebound move and we should be going down again.Confirmation on going below 4967/4910.This downside will take us below 4720... mostly somewhere between 4720 n 4300... depending on whether the wave is strong and extends or not.Important supports in this region are: 4630/4580/4500/4480/4450/4370/4300 alomost.