Nifty rocking, hit 8498 -8520 as expected yesterday.

Today-Nifty made a low of 8426 and closed around 8495(29) and made a high of 8520.

Nifty is moving in tight range of 8430-8530 and giving us a lot of surprises. Again FOMC statements today, should lead volatile movement tomorrow. However we stick to buy on dip for tomorrow expecting further higher levels and keeping tighter stop losses.

One can consider best entry around 8480-8490.

Conclusion: Nifty should touch 8530-8564, till it's trading above 8473 levels.

…stockstopp(stockstopp@gmail.com)