As shown in above chart nifty making Higher High & Higher Low Pattern on weekly Charts & as per the this pattern it may be good if come around 5000 or 4900 than buy with stop loss of 4990 & 4890 as look like that if this pattern is continue than nifty touch 5540 (+ - 20) point level in very short term . Level to watch in coming days is 4790 4640 & 4240.
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