Nifty seems to have taken resistance near the 61.8% retracement zone of the entire fall fro 6339 to 4531 near 5649 (5643) range. This is also a strong resistance zone as shown in the Nifty weekly chart. Nifty can go up to near 5900 range in future days but it has to clear the hurdle now. Staying above 5649 firmly will confirm the up move. However in the immediate term it may be little tired and may rest for short term.
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