Nifty has closed below its 5 DEma, which is 5269. Hence day trend remains down. Chances are that it may go down until 5150 range before commencing upward journey towards 5450/5650 range. This down move may consume little more time may resemble the down move from 5630 to 5171 or 5499 to 5136. If it breaks 5090 range then more downside may be expected.
Pivot : Nifty has closed above its pivot level 5237. Hence chances are that it may go up to 5262 range before retracing.
Pivot : Nifty has closed above its pivot level 5237. Hence chances are that it may go up to 5262 range before retracing.
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