NIFTY 50 future TRENDS

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161.8% upper retracement level 5722
upper value 5500
61.8% retracement level 5362
50.0% retracement level 5320
38.2% retracement level 5277
23.6% retracement level 5224
lower value 5140
above are the fibo levels i kept posting this many times just look at it all these levels have acted as res. Wen nifty went up and on reverse the same levels acted as support.. Let us see whether nifty breaks this level 5224 convincingly. Tl support at 5190 is final for the market to break loose.. I don't think there will be heavy sell off till the end of result season unless something drastically go wrong in the world market.
Finally us and european markets are showing signs of weakness that we have to keep an eye on
this was my post yesterday at 8.36pm nifty did the same
 

4209211

Well-Known Member
bot 1 lot 5100 pe @ 42
 
We could have had fantastic move up today had that Tsunami Warning was not announced during trading hours.. still spot could have faced big Res. at 5278 level.
I mentioned before TL support at 5190 as in the chart below tested and acted as good support and Now... the TL is narrowing down nifty have to give us break out of this range sooner than later.
Break out of 5330- next levels 5380-5422-5444-5500
and Sup. at 5200 TL/200EMA both at 5200 watch out this level on the down side
 
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