TODAY SELL NIFTY AROUND 5030-5050 FOR A TARGET1-5005, TARGET2: 4975 keep SL-5060
TODAY BUY NIFTY AROUND 4960-4980 FOR A TARGET1-5000, TARGET2: 5030 keep SL-4940
NIFTY BREAKS RISING WEDGE CHANNEL YESTERDAY & NOW IF NOT CROSSES & CLOSE ABOVE 5055 LEVEL THEN PANIC SELLING WILL TAKE NIFTY TO 4950-4900 LEVEL (NIFTY'S RISING WEDGE RESISTANCE FOR TODAY @5055).
WEEKLY SUPPORT & RESISTANCE EXISTS@5000 LEVEL. KEEP SL AS 5000 FOR ALL SHORTS--IF CLOSE BELOW 5000 LEVEL.
IDEAL 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 @ 4865
NIFTY FIBONACCI CHART
NIFTY SWING CHART
NIFTY RISING WEDGE CHART
NIFTY PIVOT TABLE
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