Nifty adhering to the Pivot table often..

This weeks Pivot was 4374 and the S1 was 4146 and the actual low and High are 4142 & 4384..You combine these with TA, EW, sentiments, events, etc..and you have a wonderful guide.
For the coming week, the Pivot is 4300 and holding the same it has 4458(R1) & 4541(R2). Breaking of 4300, may lead to 4218(S1) & 4060(S2).

After being under pressure for the just concluded settlement, Nifty rallied to match other Asian indices which have been moving up steadily since Tuesday.
Two Short term views:
Bullish: A possible 4th wave got concluded at the channel break @ 4142 and we are moving up in a 5th wave targeting approximately the 4800.

Bearish:We are currently moving up as a corrective rally for the fall from 4693 to 4142 in an "abc" pattern targeting fibo retracements of 50% @ 4417 & the golden ratio of 61.82% @ 4482.

Holding the daily Pivot @ 4339 or Weekly Pivot @ 4300, this momentum can take Nifty to 4450-4500 area. The time it takes & the TA set up when it reaches there along with any divergences will throw up a few clues about the continuation as in bullish view or reversal as in bearish view.
As mentioned earlier, the inverse H&S pattern points to 4500+, provided any pull back is limited to 4325-4300.