USUALLY EVERY INDEX/ STOCKS HAS A CAPABILITY TO RECOVER AT THE DOUBLE PACE FROM ANY BIG FALLS, THIS MUST BE SEEN AS A OPPORTUNITY TO INVEST IN FUNDA STRONG STOCKS.
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NIFTY rebounded from strong support let us wait n watch, this rebound can be treated as pullback rally till it breaks 10550 where crucial resistance is placed.
once it breached it can move towards 10750 mark
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nifty forms a RSI divergence, a strong sign of medium term bullish reversal, reason behind this upward momentum is strong Q2 reports by the IT sector