Nifty Outlook 26th May

Pivot 4931
Support 4787-4759-4735
Resistance 4841-4874-4895

We were the first to predict the Nifty future much in advance way back in March end.

Our team saw the bad triangle formation in Nifty charts and now the whole world is watching.

It is a well known fact that charts reveals any type of news much in advance or at least before the news about to happen.

You have a very clear example in the case of Nifty charts.
Our team never know and surely nobody in India sensed the Greece credit crisis but we sensed it in our charts and we claimed that we will see big sell-off in Nifty in the month of April and May.
Our team on Friday also predicted that Nifty will bounce on Monday.
As Nifty breached our mentioned 4895 level and trade below it with huge volume big ticket sell-off was seen all over it Nifty lost nearly 3% at one time.

Now we will see some dead cat bounce in next few days but as we have been saying here that every rise must be used to exit long positions and we are of the same opinion even today.

Every rise must be used for reducing longs and traders may create shorts at higher levels.

Now we sense that Nifty may touch February low of 4667 once and may even fall below it to November low of 4531.

Although before touching these lows Nifty may once show some short covering near 4735 level and after some rise Nifty may test these lows.