Nifty....S...6123/6113/6079...R...6149/6158/6177

As said 80% retracement of last rise (6079 to 6343) breaks (6132).Weekly close is below WEEKLY 5 EMA (6143).Now 6079 is cricial.But we have to see now that the rally from 5701 to 6343 will get corrected. 50% and 61.8% of this earlier leg comes at 6022/5946. Global clues may effect for INTRA WEEK RALLY, that might be opportunity to take short again.

Nifty..S...6180/6150/6128/6111...R....6219/6247

Nifty stopped @ 61.8% of last rise (6079 to 6343)@ 6180.This is the crucial number.Below this 6132 is 80 % of last rise. If it breaks decisively then its a confirmation of reversal. Today being weekly close 6150 is more important which is S1 on DAILY as well as WEEKLY basis. At the same time 6158 is 5EMA on WEEKLY basis.Now its a down trend on daily basis. Today closing below 6158 will confirm down trend on larger time frame i.e. on WEEKLY basis.

Nifty ...R....6231/6254/6292...S......6192/6180/6170

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.