Nifty advance View - Rakesh Chandra

Weekly Charts: There is a chance this time that the overall bull market will get truncated, and fail. Nifty has just completed the 4th wave on wekly chart. and the 5th down wave is still on cards. Before, going in to the 5th down wave , it has to give sell signal on EOD basis. Hence, any upside up to 5250 is still valid. The anticipated target for such a move would be 5,262.19.

Price is bullish above the monthly pivot point of 5,262.19.
Price is bearish below monthly pivot point of 5172.61.