NIFTY - Macro View

NIFTY (5553) - Below is the Spot NIFTY macro view : 

 

Last hope and support 5550-5500 

But trade and stays below that then

this round ultimate down side target 5000-4950

 and now if it not break the mentioned support then

 any pull back rally capped at  5750-5800

In sum 

5800-5750 << 5550-5500 >> 5000-4950