Nifty Chart

Position : 1000 long from 5916 [Future] with sl 5850(C)
                (cmp-5938, 1000*22=+22,000)
Trade Support : 5889-5882 Resistance 5947-5955
Trend Support : 5850-5843 Resistance 6011-6020

Technical Analysis :
1. 78.6% of the swing 6229-5477 is @  5637
2. Negative breakout triangle with the high 6229 and low 5870 with break
     even point of 6022 implies the target of 5663
3. So once nifty hold 5850 and raise up to 6050-6090, then fails to close
    above this level then target 5637-5663
4. E.W. target line around 5693.

So target may be around 5690-5630, wait and watch

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