TODAY SELL NIFTY AROUND 5050-5055 FOR A TARGET1-5020, TARGET2: 5000 keep SL-5070
NIFTY'S RISING WEDGE BREAKOUT @5030 LEVEL. IF BREAKS WITH VOLUME THEN MINIMUM DOWNSIDE TARGET IS 4850-4780LEVEL FURTHER DOWN WILL TAKE NIFTY UP TO 4600LEVEL(UNLESS NIFTY SHOULD NOT GET BACK INTO THE RISING WEDGE CHANNEL).
IF TODAY'S CLOSE BELOW 5000 LEVEL THEN KEEP SL AS 5000 FOR ALL SHORTS.
BEST STRATEGY
IF NIFTY TRADED BELOW 4944 FOR 1-2 MINUTES & IF ABLE TO TOUCH THE SAME LEVEL THEN GO LONG(BUY SIGNAL LEVEL) WITH SL 4920 FOR A MINIMUM TARGET OF 5040. (EVEN GANN'S SHORT-TERM MAJOR SUPPORT EXISTS@4942)
MAJOR SUPPORT@4840
NIFTY RISING WEDGE CHART
NIFTY GANN'S CHART
NIFTY PIVOT TABLE
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