This week Nifty

NIFTY has support on 5290 shown on charts. Below the level it may have a down move where the support is on 5235, as we said in the earlier post.

We expect a quick fall below 5235 and below the level the FIBONACCI retracement  level 5123, 5037 will act as a good supports.

On upside move above 5315, there are resistance at 5337, 5364. Above 5364, 5464 will be a heavy resistance.