This move made to move-up ….

The Nifty got support at the 4453 level as it was earlier also tested on Monday, 3rd Sep.
The bulls are successful in forcing the bears to cover their shorts made in the heavy weights like RIL, SBI, Tata Steel, Sail, ITC and RPL along with Longs supports in the power lot.
The real test for the bulls lies in carrying the move forward from tomorrow, as there would an extra pressure on their shoulders to lure the bears and retail investors to take positions. The weak point is RIL could not comfortably trade above 1989-91 level and SBI above 1649-51 level.
The Nifty has to cross 4526 in the early morning with “Gap up trade” and should cross the high of 4549-4553 with low above 4486. To satisfy the above condition ONGC and Bharti and RCOM shall trade in positive with 1-2% gains.