PIVOT LEVELS
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TODAY SELL NIFTY AROUND 5415-5392 FOR A TARGET1-5370, TARGET2- 5340 keep SL-5430
TODAY BUY NIFTY AROUND 5321-5344 FOR A TARGET1-5370
TARGET2- 5400 keep SL-5300
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Yesterday there is huge change in 5300PE open interest, which will act as strong support.
Also there is major change in 5000PE & 5500CE. So the range would be 5000-5500. So go short around 5500 for a target 5000. Once NIFTY weekly U-TURN close below 5430 level will take up to 5000 level within a week.
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TREND LEVELS
As we are in "c" wave, which should reach minimum of 5413.05 level
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BEAR
LEVELS
(if yesterday's high not taken
out)
If breaks 5356-5349 then non-stop slide till 5338-5335-5327
If
breaks 5327 then non-stop slide till 5310-5291
U-TURN LEVEL @ 5310
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