Nifty Opened Gap down and Managed to Recover Breaks 5124 once and closed at 5111.75 (sw(2)(b). Now if Nifty able to trade above 5124 with good volume Only I suppose to Say Bulls are strength to move up. But I see this move as a Bear Case to fall for sw(2)(c) as marked on chart.
Tomorrow is a Inflation Day. 5090 Plays as Important Support, break below this may lead to a fall upto 5040 & 4990.
As Said earlier, If Nifty able to trade above 5124 with volume, these counts becomes Invalid and to assume that sw(3) must have started, which i shall post tomorrow. So Play Safe and Earn Profit on Every Move.
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