As I had indicated my nifty levels in my earlier threads 5350 was our first tgt below 5430..... However I was overly confident arround 5430 levels after a bounce from 5390 levels and asked to buy nifty which got promptly stopped out.....
Now watch 5455 levels closely..... If breaks above that then mostly 5350 will be the bottom for some time.......
above 5490 shorts should be covered and we should think of going long......
if 5455 is not broken in the next two days then expect 5220-5260 levels very soon.............. remain short untill 5455 is taken out.... if 5455 is taken out exit the shorts and remain neutral untill further updates from my side......
This is just a broad outline..... will update along the way..........
double click on the chart
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