NIFTY @ 22000 is very strong support
Nifty is holding on to triple bottom support indicating a strong support. actually price should not have come to this support level rather it must have been to 23K But it has fallen due to RBI Draft guideline fears, RBI action on Kotak, rumors about election results along with sell off by FII for un known reasons .... no FII has spoke about selling and leaving India. I am long in Nifty for target of 22750 and 23K so I am coming up bullish view with possible support emerging on 13th. Its FII vs DII. so who sell more on 13th will rule market. only an informed person about FII selling can go short on 13th may. I wish to average and increase my Nifty - CE Buy in May and June monthly contracts with hedging.
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