ON WAY TO RECOVERY

Nervous traders unwinded their long position yesterday afternoon but as i had written recovery is due from oversold levels. Today's pivot is NF 2607 for target 2630-2654. Strongly bullish over 2654 for target 2685. Watch NS 2664 as resistance which if crossed can even take us to 2708-2730 levels. Support lies at NS 2600 or NF 2582 for this wave. Buying in dips should be the strategy now.