Nifty bounces off the S1(2539) after a gap dn & rallies after the persisitent +ve div..

Inspite of weak world mkts, Nifty which was in "OS" region with +ve div, rallied from the opening low(The S1 support of the Pivot table)with improved volumes.

As mentioned earlier, pick up the stocks of your choice on such panic lows.

For trading, various time cycle channels & the Tech table with the pivots, Supports & resistances should be of immense help. Today the lowest closes of 2524 & 2550 & S1 for supports and a resistance at Pivot-2601(Which got resisted briefly) and then the 5 day low ema(2624)and R1(2639) and mkt touched 2628.These are trading times and as the +ve div persisted & being at the bottom, you get a powerful bear rally.

For Monday, US/Asian mkts should give us some clues to the direction. Daily at the bottom, weekly firmly down. 2640-2660 is a strong resistance area. With 2 holidays on Tue & wed, trade light.