Although NIFTY skipped our target of 3866 at the 360 degree line, the bounce that we were expecting today most certainly materialised. The big question now of course is, what next? There is a bit of uncertainty now though some follow-through can reasonably be expected. I would like to see NIFTY hit a horizontal line or one of the near-by diagonals before a clear assessment can be made. There could also be a case for re-aligning the Square of Nine grid - but we'll probably decide on that in a day or two.
Projected High: 4,197.55 (86.15 points)
Projected Low: 4,042.75 (68.65 points)
Bullish above 4,132
Bearish below 4,090
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