My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
one day nifty closes on bearish terms while other on bullish. Now 5000 is key level to watch.closing below it would signify end of corrective rally from 4750 levels & nifty may resume its downtrend. But at same time what happens in Eurozone is most important. Better to watch it and then decide the trade.
Thanks a lot San for mentioning the respective SMA/EMA values