NIFTY VIEW :: RANGE BOUND IN DOWN CHANNEL STILL BEARISH

AS PER 1ST CHART OF NIFTY WE SEE IS IN DOWN CHANNEL AND TODAY IS ALMOT TOUCH (5477) THAT RESISTANCE LINE (5496),

AS PER 2ND CHART WE SEE SOME FIBO LEVELS. SO IF NIFTY BREAK 5300 THEN WE SEE SOME SELLING PRESURE IN COMING DAYS.NIFTY SUPPORT IS 5220-5175-5050.