Compare with old post abc looks done, now unless we are doing a complex corrective we should start moving up.
Fresh support from gap up created at 4084-4120 nifty spot
Big bad bears still waiting 4177/4184-4215/4240
Possible w5 strength above 4084-4135
Breakout begins above roughly 4215-4250
Target looks like 4400-4440
After this target is done some mega shorting is to be done.
There is no fresh entry signal up here unless u can handle sl levels of 3992-3900 or 4072 atleast.
S&P CNX NIFTY, Analysis Date:5/14/2007
Close/cmp:4134.05
Swing : Up=Buy ( 3.000% sensitivity)
T1:4399.92 T2:4649.84
T3:5057.61 1xR:4437.35
ImpulseTargetZone:5307.53-5715.3
SwingHigh:4,214.8 CMP:4,134.0
SwingLow:3,618.6 SLPivot:3,992.1
2xAtr14Stop:148.774
Narrowsl:3,992.15
WideSl:3,854.14
Lower Chan:4007.26 Upper Chan:4380.13
ResLine:4365.36
Retracements :4214.75-3992.15
0.236:4036.45 0.382:4063.85
0.5 :4086 0.618:4108.15
0.764:4135.55
Strength above 0.5
Might retest gap up 4086-4108 one last time before the big breakout.
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