Nifty Future for May 26-30 - Rakesh Chandra

Nifty future on the hourly charts is now trading a 3rd downwave. An extended 3RD down will complete and then a small 4th upwave. Again a 5TH downwave will be on cards. Just obey the levels given; the upper and lower targets are for this week only.

WUT = weekly upper target;

UPWAVE (4-5) WUT3 : --5,148;
UPWAVE (2-3) WUT2 : --5,097;
UPWAVE (0-1) WUT1: --5,016;

Price is bullish above weekly pivot point of 4,965.82;
Price is bearish below weekly pivot point of 4,934.78.

WLT = weekly lower target;

Down Wave (0-1) WLT1 : ---4,885;
Down Wave (2-3) WLT2 : : ---4,803;
Down Wave (4-5) WLT3 : ---4,753.