NIFTU FUTURE WEEKLY REPORT 12-17MAY

nifty futre,next wekk...nfty futre ..on hourly ..on 5mint chart..is oversold area.....as mentiond in last meessege ..only long will add on houly signal..no hourly signal trigered..still we r beting on higher side of niffy..in coming days..use rule stictly for trade entry..no buing below.bearish level ---------------------
UPWAVE(4-5) UT3 : --5,252
UPWAVE(2-3) UT2 : --5,181
UPWAVE(0-1) UT1 : --5,067
++++(4,995.87) PRICE IS BULLISH ABOVE PIVOT POINT--------
++++(4,983.33) intraday bulish level--------
----(4,964.67) intraday bearish level------------
(4,952.13) PRICE IS BEARISH BELOW PIVOT POINT--------
DOWN WAVE(0-1) LT1 : ---4,881
DOWN WAVE(2-3) LT2 : ---4,767
DOWN WAVE(4-5) LT3 : ---4,696