Nifty closed below its support iof 5158, based on the global cues, we might open up, tho i expct nifty to touch its retracement level of 61.8% tht is 5035 at least once in the day. if tht is broken we can slide to 4924 for the day.
On the higher side, i expect strong resistence 5390-5400 levels.
nifty technicals are very weak, and i dont expct a drastic upmove unless we close above 5400.(ALL CASH LEVELS)
