Market Outlook On broder basis

Dear All,

Today Nifty close above 4680 convingsly with over 100 points, closes 4782, so the bearish falling wedge seems to be canclled .

Now What next , if this is a real breakout we will see target of 4850--4972---5100 levels in coming days , We will go long on nifty only and only if it closes above 4790 , for target of 4850--4972---5100. For creating short we will wait for nifty to close below 4680 for two days.

Thanks & Regrads

Abhay Mehrotra