Chart shows 1 minute chart of nifty since the recovery from the Nov 3,2009 lows. Drawing the GANN FANN lines

we could find that 5050 could act as a shorter term trend support. Failure to hold 5050 will induce shorter term weakness in Nifty chart and could target 4940 and 4820 zones.

Overall Nifty Bulls requires sustainability above 5050. Failure will move the market towards the possible 4940 and 4820 shorter term Support zone

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