NIFTY RETREATS

After a long lasting rally ,where Nifty made a high of 6349, a reversal was expected. The gradual descent commenced on 5/11 and Nifty is sill finding its support. It on the verge of hitting 50% retracement at 5845 but since the difference between both lines on sotch are going wider I can assume Nifty is gonna touch 61% level that happens at 5725.