Daily Nifty chart ...if you will observe on macd histogram it is started divergence towards zero and is a leading indicator ...
5907 is a fib level which is still resisting up move .....see here
http://dhanvarshagrp.blogspot.com/2010/09/nifty-may-retrace-to-5291-5136-within.html
above 5907 is 5993.00...
RSI and w% r are trading above threshold ...
It seems that either Nifty will trade in range or retrace from here because fib count 13 is on Monday ..next is 21 ...do you know them 1,2,3,5,8,13.21,34.......and so on
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