Nifty weekly chart do give us the same level of 5075 TL Res. which i kept stressing upon
Jan. 2012 Weekly TL Break out was at 4900 after that Nifty went on to make high at 5600 700 points rally then .... This time around if at all the TL Break out have to happen will it surpass the previous high !! and go on to make new year high at 5770 which will make 1000 point rally from the low of 4770.
Next week Nifty manages to trade above 5100 and give close above 5280 and that is 100% confirmation of this rally till Diwali.... fingers crossed at least till Monday.
Have nice and great week end see you all on Monday.