For bullishness nifty had to trade above 5078..........yesterdays high was 5072 todays high was 5069, and on the lower side too,,my first target which is naturally a support also,,was 5008,
yesterdays nifty low was 5004 , and today it was 5008.
now what next????.......the hourly structure seems tobe a distribution, with my system generating sell calls on hourly charts.
i think we are headed for 4950-4924-4910, very soon.
but expect a strong bounce back from these levels.
remember, no great bearishness till we close below 4860.
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