Daily Chart
Half Hourly Chart
Stalemate within the 5608-5308 continues.A stabilising activity at the latest green downward moving channel, shown in half hourly charts, seems to be taking shape in a red upward trending channel. Supports on this channel are at 5365-5372 for tomorrrow. One can keep a stop at this trendline for any longs held. Resistance at 5465 which is the 61.8% retracement level of the fall from 5535-5348.
OR
Is this ominous sharp rising wedge going to give way?
Half Hourly Chart
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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