* Weekly pivot is 5093.78. No longs below this level. Above this, nifty can go up to 5200 + level.
*On daily charts, RSI 5 period is 5.34 and RSI 2 period is 1.30, but it is below 100 day moving average. There can be a bounce from 4937.17 level which can ferociously go up to 5070+ level.
* Any long trade from 4937 levels can keep the stop loss below 4900. Because there are chances that nifty can shed 100 points below this level. Book profit near 5045 levels and again enter longs only if crosses 5093.78 convincingly with strict stop loss of 5070.00.
