After many attempts spot nifty finally manages to close above 5280..Though the close is good but spot have to cross 5305 and sustain above this.... if it does it tomorrow.. my view is this could be an excellent TL break out.
In that case what levels are Resistance ..
FIBO levels are..
161.8% Upper Retracement Level 5932.82
Upper Value 5630
61.8% Retracement Level 5442.82
50.0% Retracement Level 5385
38.2% Retracement Level 5327.18
23.6% Retracement Level 5255.64
Lower Value 5140
161.8% Lower Retracement Level 4837.18
The question is Wave IV is ended?.. is this the start of Wave V? The answer is Spot have to cross 5500 and close above it then yes... will cross the wave III high 5630 in time to come (it's too early to say)