Nifty Chart

Nifty Trade Support 6464-6459 Resistance 6513-6519

Nifty Trend Support 6417-6413 Resistance 6557-6564

As per Elliott Wave one more high is pending, whether it will near

the previous high+5 or high+30 points, bounce back from 6417

for +30 from previous high and bounce back from 6387 for +5 from

previous high.  Any way one more high should come to go for positional

short.  Election results, RBI policy,  Week end and 10 days for F&O closing

So cautious on longs.  Weighted Scripts in Nifty are loosing strength as 

like TATASTEEL, Bharti etc.

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