Markets Have Crossed 4480 And Gave Close Above 4500 Squezing Sl Of Shorts Side And Long In Good Healthy Profits But Looking To The Scenerio Markets Are Again Overbought And In Day Or Two We Might Start Correction Also According To My Wave Calculation If The Markets Are In The Process Of Making Lower High And Lower Low Then We Shall Not Cross 4650 At Any Cost And If We Did This Rally Can Go To 5000 But If This Is IMPLUSIVE WAVE UP FROM THE Corrective Wave It Cannot Cross The Previous High Of 4693 So Long Be Cautious As Now We Reach Nearer To The End Of The Wave May Be As Per Me Profitbooking Can Start Still The Things Are Not Crystal Clear That Whether We Will Be Able To Cross 4693 But No Still 4560 And 4600 Could Again Act As Resistance So Be Careful And Play With Sl Fresh Longs Not Advisable At This Level
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4465, Imp Resistance 4540,
Likely Trading Range 4430-4575,
Trade on long Above 4428 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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