RELIANCE & ONGC RESULT

Markets reaction towards results of two heavy weights to decide the fate of market though we are in the resistance level and staying over that is getting tougher for bulls . As shorts got squeezed yesterday at NF 4555, so it is important to stay over 4555 and preferably 4494 from where upward break out took place in afternoon. Today's pivot and support around NF 4510 for target 4560 and resistance at 4586-4592 level. NF weak below 4485-4472 and strong over 4570.