Huge accumulation is going on around 49 and 50 quiet a while with huge volumes recent past. It will surely cross 53/55 in another 3 to 4 trading sessions.
Keep a stoploss of 47.5 to maintain your balance.
Please suggest, if anyone else is having any other opinions on this.
Dear Basha
U r asolutely right in your opinion.
Today ,though it came down again, i saw huge buy positios being taken in futures by HNIs or FIIs whosoever.Even in cash huge buying happened at lower levels of the day.
In current mkt situation one feels scared to enter such volatile scrip as mkt may witness big fall anytime.So stoploss must be kept.
| NIFTY 
