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Now as spot Nifty is above 4500 for more than 20mins,the RBI behind us ,and remembering the candle formation of last 2 Days ,we can now reasonably say that there is a Support generated yesterday.
Hence 'Gaurav' & 'Manish Life' can relax a bit,(infact after going thru Gaurav's post i could understand he is not in favour of putting a SL in the system BUT HE DIFENITELY has a level in mind of 'Thus Far & No Further').Infact Amit's level was v.good.
Let us see how the last 45 mins span out,probably we have a foreseable Support Level now.
Hence 'Gaurav' & 'Manish Life' can relax a bit,(infact after going thru Gaurav's post i could understand he is not in favour of putting a SL in the system BUT HE DIFENITELY has a level in mind of 'Thus Far & No Further').Infact Amit's level was v.good.
Let us see how the last 45 mins span out,probably we have a foreseable Support Level now.