Nifty Daily Analysis

• Today's support levels are or should i say the levels that are going to break are 5740 and 5690. 
• 5740 looks important in weekly chart. First chart shows weekly trend line which acted as resistance may act as support. Break of 5740 will ensure the failure of this set up. which means going down to 5690.
• And break of 5690 means going below the recent low. which may take it to the 200 DMA.
• So bulls has to protect either 5740 or 5690. Seeing the momentum with which bears are coming it looks highly unlikely that these levels are going to be held. Any way lets wait and see what happens.