Nifty supports 5800, 5600 and 5200 …weekly nifty chart showing 3 parallel up trending channels blue red and black , unable to sustain on upper / top of channel lines ” correcting now … possible support as per channel bottoms 5800 5600 and 5200 as per weekly chart channel analysis …market may start range trading or may reverse from these levels .
6110 5921 5768 are supports as per fib retracement levels below 5921 panic selling cant be ruled out which may take market to 5120 100 % retracement level in coming 4 months
These all levels may act as support / reversal points if support will break it will start acting as resisatnce level …so respect levels and trade as per them .
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nifty supports 5800, 5600 and 5200
