Bears showing strength to fight back..May not gain control too soon ?

Bears gave a tough fight yesterday and brought back NIFTY into their territory. While this certainly has created a small panic among late entrant bulls, this does not mean bears have won completely. It is a tough and a hard way for bears to gain further control.

Atleast for this expiry, NIFTY should not dip below 3256 or may get enough strength at 3303 level and we can see bounce from those levels.

The key resistance levels for the day are 3385, 3415 and support remains at 3334 and 3303.

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