NiftyEOD Chart, 12-05-09

This is for education purpose only and may not be useful for trading


Markets bounce off RSI supports and are back to recent highs.


While the bounce was along expected lines, the extent of rally was not expected.

The recent highs are at 3720 and crossover above this will be bullish. At the same time, caution or tight stoplosses are called for given the high volatility in the markets.