Done 61.8% of the retracement for the rise from 5136 to 5379

Yesterday nifty has completed the 61.8% retracement for the rise from 5136 to 5379. If Nifty is able t manage to stay above 5251 which is the 5 Hr EMA then it may march towards 5282 5 Day EMA. This will be the resistance which once crossed then it may go towards 5320 area. If 5349 is crossed them the complete trend reverses to upwards and may march higher towards 5450 / 5650.

Daily Pivot:

S3	S2	S1	Pivot	R1	R2	R3
5152	5190	5212	5250	5272	5310	5332