Nifty Weekly Technical View

IF we take the Fibo retracement Level from the high 5181 and low of 3912 we now stand at 38.2% Retracement level.A Bounce can be accepted till 50 SMA of 4858.

Weekly Pivot 4,811

Weekly Resistance: 4,934.5 5,157.0

Weekly Support:4,465.5 4,588.8

20 Week SMA which was Resistance will now become a support lets see?

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