Just look at the power of technical analysis, nifty high and low was predicted very accurately through my charts.
just look at the chart, it is a little messed up, but if u see carefully, i have drawn 2 red lines showing the price trend, brake above or below this range will lead to serious rally or a fall on whichevr side the price breaks..
now the grey horizontal lines are the important fibonacci levels.
if u see there 5080 was predicted through it(a line at 5078, i rounded it to 5080)
also another line at 4962.
now if nifty breaks 4920 anytime, that would mean that the price would go below the red trend line, and we will see 4770.
so keep a strict watch at 4920.
Now for intraday, nifty if crosses 4981, can move to 5000-5015.
below 4981, it is gonna be damn weak, and will try and hit 4920 today..
if 4920 breaks, Sl will be 4965 on closing basis, with tgt of 4770.
