Nifty Has Broken Bull Market Trendline

--> From last 8 months was trading above 200 day moving average and trend line

--> Last many corrections (Bull Market Corrections) found support level at lower end of trend line keeping market in bullish trend

--> At Present Nifty is trading at below Bull market trend line but above 200 day moving average (5610) which is also 50% retracement level in Fibonacci level (5664).

--> Nifty also formed short term bearish trend from Mid November, which should either end 5550 level (Which is also almost 12%-13% correction from top, which is also highest correction in present rally corrections') by finding support at that level or Bear Market...5300-5500 range to start with...