nifty views

a small bearish WW may be developing in 5min charts

pt4 may have been done near 5512

pt 5 may be formed abv 5572

and trgt near 5445-55 range  on monday eod or tuesday morning

Trading advice:

sell nifty today on any upmove abv 5572(in 5572-83 range) with sl abv 5591 or sell if trade below 5510 with days high as sl

trgts 5445-55 range(but exit shorts near 5477 or trail with strict TSL)

below 5440 sustaining may trgt 5410 also next week

cmp 5528ns

i am expecting nifty may show some bounce towards 5700 -5730-5770 in next week from 5445-50 levels

if could not break abv 5770 range on closing basis then may expect another round of downmove will start for near 5050 levels