Nifty Future for Week January 26-30 - Rakesh Chandra

In the Nifty future weekly chart review, we are currently in the 4th upwave and a strictly symmetrical triangle formation. Within the triangle the legs a-b-c-d are over, and we now expect e upwave. We are thus interested in a long postion .

Buy Nifty future with stoploss 2,645, above 2,677.06. Next week's up target is 2,729>>2,813>>>2,865.

Short Nifty future with stoploss 2,677, below 2,644.94. Next week's lower target is 2,593>>2,509>>>2,457.