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Watch Nifty
Ø Nifty was hugely volatile but made a decent come back. It also made a significant recovery from the crucial levels of 5690-5700. If Nifty holds this level without violating 5690, we could safely assume that the correction is over and Nifty could re - test the earlier highs. If , on the contrary, 5690 is violated it could correct a further 200-250 points. Bk. Nifty is also crucially poised.The next few sessions should provide a clear answer.
Ø For 12/01 Nifty's resistance is likely around 5850 and 5900.
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