I think NIFTY is going to touch 5130-70 area. . But right now there can be a pause or a down move. Not much though . May be 100 or 150 points maximum.
First the Nifty futures chart . Touching 50% retracement. Daily chart overbought. And touching Bollinger upper level.
Then there is AUD/USD chart. Daily chart almost hiting overhead resistance. Expecting some correction.
But as we can see from the NIFTY daily futures chart above , we have good support at 4890 and then massive support at 4820. I will be targeting only 4890 in this little SHORT , in a day or 2.
First the Nifty futures chart . Touching 50% retracement. Daily chart overbought. And touching Bollinger upper level.
Then there is AUD/USD chart. Daily chart almost hiting overhead resistance. Expecting some correction.
But as we can see from the NIFTY daily futures chart above , we have good support at 4890 and then massive support at 4820. I will be targeting only 4890 in this little SHORT , in a day or 2.
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