NIFTY ON CHART

Let see  Nifty future as per this weekly chart.

1) 38.2% Retrenchment created at 5596

2) 61.8% support taken at  level of 5090

3)moving to 50% trying to kiss now the level of 5401

As shown in chart Trend is possibly bearish

5401 is the key level from where downside view.