Above 4855 a rise of 100 points shud b easy. Beyond it b careful of 'ellusive' highs created by Shorters for initiating fresh short positions n thus liable to volatile swings.
Support lies at 4815.
Do note that volatility can also be ascribed to FnO expiry today so refrain going leverage into the day.
Short term calls:
- ITC(0nly if volumes support)
As i have also noted in prev posts that during 'bearish' days, there is a tendency of certain stocks(trade name : 'Defensive picks') to attract investors to park money meanwhile. My yesterday n todays' picks underline the very same idea to a regular observer of this space :)
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