Nifty Heading towards 4920

From the hourly chart If Nifty closes above 4820 then there is a posibility that Nifty may head towards 4920.

If nifty closes above 4860 then the EW count may be wrong. Close all shorts and go long for a target of 4920.

The 3iii(d) wave is on.




Pivot point for 10 the Feb

R2: 4851
R1: 4822
PP:4780
S1: 4751
S2: 4710

Various resistances

From Daily Chart
BBand (10) centre line - 4830
13 EMA - 4860
38.2% retracement of the recent fall = 4920.

Thanks