As per the yesterday graph shown above the NIFTY may Rebound back into its range bound trading , to attain this the market may sustain and slightly move up towards 5090 plus level.
NIFTY -Yesterday
HIGH- 5067
LOW- 5001
CLOSE-5042
NIFTY TODAY
S2-4971
S1-5006
PIVOT-5037
R1-5072
R2-5102
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Today nifty may be 'back to square one' and move/try to sustain the level above R1.The opening may be a marginal gap down and from there it may claim up to the Hurdle Range-'5042'.
if, it can crossover this 5042 level with massive buying may lead the NIFTY to break y.day high and can go to 5082 level and beyond.
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