US and World has successfully absorbed the shock for the time. Euphoria is over and it seems party is not far away for the bulls. Our Nifty has taken support of 21 week SMA which was 5203.
My Nifty barometer suggest 5140 is very strong support for any down move. Breaching of this level may consider as downtrend for short term.
-Expect Gap Down opening around 5169 at & will move sharply towards 5180
-My main level to watch is 5140, 5169, 5180, 5295 to 5205,
-Do not forgot 5169 which was very important resistance for a long period of time, and if Nifty closes below this level on Weekly basis then it would be a weaker sign for coming week.
My Nifty Camarilla level is
5140 > 5150 > 5169 > 5180 > 5195 to 5205 (Struggle) > 5240 > 5265 > 5300