Nifty cyrrently @ 50 % retracement of last rise (6079 to 6343).Of this rise 61.8% retracement @ 6180 is crucial support. 6132 is 80 % retracement of this last rise, which would confirm complete reversal in trend and correction will be for the rise of 5701 to 6343. Let's see.
Currently if we seen, yesterday close (6215)is below DAY HIGH EMA and 5DEMA as well as DAY LOW EMA. In such a situation downtrend momentum gets strong but global market may change sentiments to some extent.
