Hi friends, nifty showed great strength on friday and closed at 50% fibonacci retracement level if u look at my chart, and it is gonna continue till 61.8% levels (see chart)
for today, buy nifty above 4970, sl 4945, tgt will be 5050-5075
above 5000 nifty shud gain momentum and move quickly.
BUT, make sure all profits are booked arnd 5050-5075 levels, Longs can only be held, if we see a closing above 5080 levels.
