5045-5050 AND 5150 IS CRUCIAL LEVELS TO WATCH ( I ALREADY TOLD YOU IN MY LAST POST ABOUT NIFTY ) … NIFTY MADE HANDSOME JOURNEY OF 4675 TO 5148 ( 473 POINTS ) AFTER A MAJOR FALL FROM 5310 . NOW IF WE DRAW FIBB . RETRACMENT ON DAILY CHARTS THAN WE CAN SEE CLEARLY THAT 1ST NEAREST SUPPORT FOR NIFTY IS 5046.92 ( 78.6 % RETRACEMENT LEVEL OF THIS UPSIDE ) … AND IN UPSIDE RECENT HIGH 5147 IS MAJOR RESISTANCE ..CLOSE ABOVE THIS LEVEL CAN TAKE IT TO 5220 AND AFTER THAT NEW HIGH OF THIS YEAR .THANKS AND WISH YOU A VERY HAPPY AND SAFE TRADING DAYS AHEAD .
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