NIFTY after retracing the 50% fibo level and breaking the bearish channel it has retested support level, it seems NIFTY may see upside movement from this level 8086 only if open green this is also breakout level if open green it will trade upside or if open below the support line will approach again 50% fibo level in near term. traders should watch breakout and enter accordingly.
Trade ativo:
stay long in NIFTY,till breakout.