11/01/12

Nifty Mp51 11/01/12

Bn Mp51 11/01/12

The break from the value area high of the composite profiles in NF and Bn was clean and we had a trending move out which measured about 100 points in the Nifty and 260 points in the BN.

Value was created higher which showed a mix of buying as well as short covering taking place.

In the Nifty 4827 is the POC which should support any weakness should there be any in the session tomorrow.The single prints from 4780 to 4800 are the second line of support.

In the BN 8505 to 8570 are the single prints which should support new buying.