16 Aug Nifty Can Target 3800 in Coming Months,but in waves only !

Positional SAR [Stop and Reverse] 5262. Exit Short and Go long above 5262.
Short triggered from 5610 [26July2011]  Todays close 5080 +530 Points
Cumulative Profit from Starting [24June2011] 344+530=874 Points.



NiftyFuture[5080]-
Resistance
5150
Support
5010
If trades below 5010  then Target 4960

Unless it crosses GAP Resistance 5200,  
Triangle target 4800 or 4500 has been Intact !
Tuesday Expecting GAP DOWN ! 

A Long Term Uptrendline has been Broken @5200
Could not be able to cross 5200, 
A HUGE GAP HAS BEEN LEFT BETWEEN 3800 AND 4000 FORMED ON 17  MAY 2009, that mighty be FILLED IN THE COMING MONTHS !