Nifty's upward bias remains intact and my recommendation to buy at dips for targets 5150+ stands. One of these dips may be seen tomorrow morning at the opening( indicated in the chart above also). But it is not likely to go below 4931( as I am treating it as a retracement of 4931-5064)likely to end in between 4965-4981(4990 in itself is a good support) and then shoot up 5150 + should start.
So to me,the best trade for tomorrow would be to accumulate longs in 4965-4980 range (50 DMA also in this range)with stop-loss at 4931 and target 5158+
Raghu
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