Nifty Chart

Position : Nil

12 days monthly support is yesterdays low.

Positve :
Trend line support at 5623
Previous EW high at 5629.
78.6% of 5477-6229 is at 5637 [bounce back area 5637-5620]

Negative :
Close below 200 EMA-5765.

Retracement bounce back is possible from today.

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