STRONG PULL BACK

Yesterday NF took support at the first level of 4381 and bounced sharply from there and cross of 4455-84 led to sharp covering by bears and nifty is now back in strong hands. FII's bought equity however they are selling stock futures giving a mixed signal.....may be Consolidation at this level with positive bias. Till then play the levels as over NF 4519-4586-4654-4722. Weakness below NF 4523-4502. Today's resistance is 4602-4627 and is strong as long as it trades over NF 4562