I think Nifty should trade in between 5050--4800 levels for few days . if nifty do fall near 5800 but will not be breakdown 5720 levels then we may see more bullish for the tgt.of 6400-6500 levels in near term
after breakdown of yesterday low now it's trading near 424.5 which indicates bearish at this moment so u can go short @ 424.5 sl 428.2 tgt. 419 or lower but ultimate tgt. is 405 levels in few days
I think Impulse wave pattern has been completed near recent higher levels and now trading is near 1115 levels which is the best levels for creating short position with sl 1128 tgt. 1086/1070
After achieved my tgt. 425 levels as i said before now it's for time to cover all long position at CMP . and we have to wait for creating short position
But i think it may go down 409-405 levels in few days according to this chart pattern.
since few days crude is trading in a range which i indicate in chart , so at this i time i think it may go up up above 4080 levels with sl 4040 tgt.4171/4200