I received 2 queries for my post :
Q) What will happen if NIFTY FUTURES closes above green line with volumes ?
A) Add 300 points to that day’s level which I have mentioned.Say if Nifty Fut closes above 5646 on Tuesday,the level for Tuesday, add approximately 300 points to it so target will be 6000 approx.But close above the green line has to be with volumes and it should stay above it for 2 days.
Q) What if it does not touch the Green Line ?
A) If it does not touch the green line, see from where it is reversing i.e see resistance levels mentioned by me.The levels of resistance given by me are 5499 ,5555, 5609 and 5725 the Big Black Candles or Wide Range Bars.So if Nifty Fut cannot close above those levels, then chances of it coming down are likely.So below 5480 is the 1 st level from which bearishness may start and then 5250.