When there is a confusion in NIFTY chart and levels ,BANK NIFTY give the clear picture ,BANK NIFTY showing clear 3 wave rise and 4th wave should come at least around 10700,and selling pressure is going to come around 11580 which is the upper trend line,so short heavily near upper trend line ,in the last post i had mentioned that NIFTY can move maximum up to 5756 in the 5th of v leg which was missing .so exit your long positions above 5700+and short every rise ,I don't want to comment on NIFTY fall , just guess if BANK NIFTY can fall up to 900 points than how much NIFTY can fall,before moving final up move.
So be cautious at higher levels .
HAPPY TRADING :R.K.
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