SGX Nifty

SGX Nifty1

SGX Nifty

SGX Nifty has been touched 5070 levels means we r out of the bearish movment and indicates C wave should start in 5 wave pattern. But here i think some kind of profit booking or downtrend pattern is there, then could touch 5700 levels as i think before .But 4750 levels is very much important at this time or you can say (SL) any kind of buying strategy at lower level. (SL) should be near 4750.If it breaks then could see free fall near 4600 levels that does not mean longterm bearish movement has been started .

                       I attached here two charts  ( where SGX Nifty for BEARISH and SGX Nifty1 for BULLISH ) . so lets see which one is right for further movment.