Nifty Future Report for May 14 - Rakesh Chandra

Yesterday's fall was due on cards, and was mentioned in the previous day's Nifty Future report. On EOD basis, the upper channel line has not been completed, so there is hope for bulls, but the session will be volatile. Day traders can adjust their positions on both sides at a weekly level given. On the 5-minute chart, an extended 3rd wave has completed, and any upside in the first session will go just to the 4th up wave. A 5th down wave will still be expected. After this 5th wave termination or failure, we will see upside in price.

Intraday bullish level is 4,959.81;
Intraday bearish level is 4,942.19;