1) five day chart showing trend is changing and resistance near 2950 in all ways trend line, chnnel breaks etc.2)one more thing if we take 3240 to 2502 leg then 50 % of it is 2871 and 61.8% is 2958 and resistance is at same level.3)another point is that nifty is trading below 20 dema since 26 august @ 4535, it only crosed twice after that till 12 dec. it was just for 2 days above 20 dema since 26 august. 4) on sensex from 10945 to 8316 fall ... 50 % is @ 93630 and 61.8% is 9940. it has gone up to 9745.5) generally up rally is for 4/5 weeks from 2502 coming week is 4th weekso i think now it is turning point.
