NIFTY Chart Analysis

• First chart shows price getting resisted near 5180 which has been acting as a price pivot zone for many months now.
• Second chart shows previous support acting as resistance. Day and Week has to close above this zone to confirm a breakout.
• Weekly chart also shows price unable to cross 50% Fibonacci level.
• Support levels for the day are 5 Day Low EMA and 20 Day SMA.