Nifty :Today we expect the market to show some kind of buying coming in. Currently I am reading book by John Murphy called Technical Analysis of Financial Market . The moe you make your analysis the more you will have time to trade. Yesterday we anticipated the market may fall below the trendline which it did, but fortunatly for bulls it was without volume. Today we expect the market to deep down to 4930 and see some buying coming in.The market has to close above 4900 under any curcumstance. If Nifty closes below 4900 then this would signal 1st level of weakness in the market. So watch out for 4930 and close below 4900.
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