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Watch Nifty
Ø Nifty did a volte face to move up dramatically. It seems to be oscillating between a broad range of 5180 and 5600. On the downside, it has supports around 5240 and 5170-80. On the upside, resistances exist around 5600 and 5650. If it is able to hold atleast 5240 and gets past 5600-5650 with ease, then perhaps the correction can be considered over. Similarly, Bank Nifty has to hold 10,160 levels and cross 11,300 for strength.
Ø Nifty's resistance for 03/03 is around the crucial 5600 levels (+/- 10 pts.)
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