Over power whom? What do you thing of the price action? The wedge if broken down, can take NIFTY to a min target of 4100. The subsequent supports are at 3700 and 2700. Will that happen or a breakout to the 5000 region is possible from here? This will be clear this week itself. Even though I had expected a fall today, analyzing the 15 min chart, NIFTY went totally reverse. I still maintain my view that NIFTY is almost ready (too close) for a show down.
It has to convincingly break above 4800, for me to change my view.
