SAR Hit

Sar is hit again. Market in sell mode. MACD gave sell signal 3 days back. 

Nifty again below 10 ema

Nifty closed below 10 ema, 5 ema. Macd, Stockastics have given sell signal.
BankNifty has not broken yet. It closed above 5 & 10 ema.
In individual stocks Infy, TCS & Bharti continue to fall. Hindalco, Rcom, TataMotor are showing strength. Tatamotor has already given a breakout.
Nifty needs to break 5830-40 range for further weakness.

Fibo Target

Likely targets for this rise are
38.2% =  5805
50%    =  5756
61.8%  = 5707

RPower above 110 has targets of 119,139.

A closing above 110 can take it to 119(100%) & 139 (161.8%).