Nifty Chart

Position : Long from 5887 [-56]

Nifty Trade Support 5812-5802 Resistance 5863-5869
Nifty Trend Support 5792-5788 Resistance 5897-5903

Keep sl 5800 on closing basis

William R highly oversold and 21 days moving average also at the same place.
already bounce back from 78.6% and profit booking from 23.6% exactly

and holding 50% today will impact on price for one more bounce back up-to
23.6%, ie.  6050.

lower top trend line implies some profit booking

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