On Tuesday market bounce back from its Lows ,its a good recovery.But in uptrend there is multi Resistance zone 4300,4337,4367,the weekly pivot at 4374.So i think that nifty can't cross the 4400 level,positional trader can take a short position with a stop loss of 4400.In down side 4146 to4185 is support zone if breach this level the downside target is4095 -4010-3979 level.
Due to settlement week volatile session is expected.
DEMA
5DEMA --10DEMA --15DEMA -20DMEA- 25DEMA
4300 -----4361------- 4367------- 4337-------- 4290
DAILY PIVOT
PIVOT---- R1--------- R2---------- S1----------- S2
4219------ 4295------ 4343------- 4171--------- 4095
WEEKLY PIVOT
PIVOT---- R1-------- R2---------- S1----------- S2
4374------4541------- 4769------ 4146-------- 3979
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