Market Update on 22 may 2012

HIGHER MARKET IN LINE WITH REST OF WORLD.....NOW FOR TODAY

4950 NF WILL ACT AS FIRST HURDLE OF BULLS....ON FALLS...4890 NF LAST HOPE SUPPORT OF BULLS.

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS
keep eye on..europe opening which is crucial to lead the rally further
usd/inr..which has fallen after rbi steps how far it correct or again rbi steps prove to just hoax as it had been in past..if it rises again then pressure for market...WATCH