Nifty Made a high of 5194 which was not able to cross for the past two
times and made a low of 5053 and closed at 5072 which is 65 points
down from the previous close.
Nifty is finding good support at 5050 level and resistance at 5200 .
When Nifty breaks 5050 it will take the index towards 4950 and 4900
and it can expect further downside and in upper side if it breaks 5200
it will take the nifty towards 5230 and 5330.
As the Nifty has given weekly closing below 5200 this doesn't seems
convincing which will lead to further downside in the market.
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