
It bounce back with same energy from 34 EMA i.e. 5213 and manages to close above 5223
Nifty today will try to touch it's 50% retrenchment which is 5280 and then next target would be 5308 which is 61.8 % retrenchment
Do not expect Nifty to beyond 5308 in near future as It is in intermediate downtrend
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