FINAL WAVE IN FORMATION

Last two days nifty has traded in small range with resistance at 2800 and support at 2757... today, we are likely to break that with support at NS 2720-2700. Trading strategy should be to cover shorts today and go flat as next week is settlement. Today's pivot is NF 2776 with support at 2740-2729-2688. One should go long only over NF 2798 for move up as that is the final stop loss for all shorts. NF strong only over 2766. Monday being holiday, tuesday will define the trend for settlement.