NIFTY

NIFTY (5409) - On 13 July, when it was trading at 5380 posted a picture message target 5545. whereas it took almost one and half month to reach the target and repeatly it attracted selling pressure at 5545 level for 4 days and from there now it corrected to 5400 also.

Now What Next ?

It seems timebeing topped out at 5550. So now 5550 is the topout resistance and in downside 5350 becomes the support but 2consecutive close below 5350 then it slide to 5150 and after that 5000.

In case if it 2consecutive close above 5550 then 5645.