nifty views for next 2 weeks

expected path of nifty for next 2 weeks:

EXPANDING WEDGE PATTERN(Update)

highs made nearly touching upper T/L of wedge pattern were

8364 on 5th nov
8415 on 12th nov(nr 4 trading days for upmove of 51pts)
8454 on 18th nov(nr 4 trading days for upmove of 39pts)
8490 on 21st nov (3 + days done so far)
4 days will be done near 11am(+/-1hr) on monday 23rd nov

8454+39=8493
and 8454+51=8506

probably nifty may face res in 8493-8506 range on monday in b/w 10am -12noon

till expiry max upside within wedge may be 8540-50 range

similarly lows of 8321 and 8353(lower T/L) were made in 5 days gap
so on expiry (5 days from 20th) near 8385 will be support

possible move of nifty may be 8499-8433(till tuesday)-8493-8385/65 range till expiry

probable trading range for monday is 8499-8457 levels

since coming week is expiry week nifty will take its(hers) own course and may not follow global cues

after expiry again from next friday on 28th nifty may start its uptrend towards 8640 +/-20 range