Weekly Chart II
The weekly candle formed an Inside day pattern indicating indecision.The candle seems more a pause in the selling rather than an exhaustion of the selling.The green support line from 5177 lows still proves good support. For the coming week support on this line is at 5487.Two important trendline shown on weekly chart II have supports at 5550 and 5330.Only a break of the second support will bring in panic selling as 5300 is good support. Oscillators are weak showing a downward bias.
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