22.11.2011_Tuesday

Price trying to bounce because of oversold state,but the 4765 low can be confirmed as a Swing low only when price closes above 4850, the recent minor swing high area.
Upper end immediate resistances are at 4900 to 4930 zone.
It's going to be a tough and slow attempt to climb again after the swift fall last week.
If price violates 4765 low, then the bounce possibility is negated and price will move south towards the brown Lower median parallel at approx 4600 zone.