Nifty not breaking this weeks high at the same time not violating current week's low...now question is 4840 first or 5240 first...today's session is important..NIFTY has to cross 5055.. at least nifty has to trade firm above 5030...and has to protect 4970....at the lowest point 4935 is very important...if it didn't cross 5055 and trade below 5010 then that is not good signal in broader sense...(in sense of next week)
For friday I suggest...
BIAS--- positive
RANGE---4970...5055 -- 5060...5090 -- 5090...5140
ENTRY LEVEL...4970/5010 -- 5055/5090
STRATEGY---
1)buy nifty near 5005/5010 with sl 4980 for tgt 5025/5055
2)buy nifty near 4985/4990....sl 4970...tgt 5010/5025/5055
3)short nifty near 5055/5060..sl 5080..tgt 5025/5010/lower
4)buy nifty near 5080..sl 5055..tgt..5110/5140 (chances remote)
