An Inside day once again forming a tight coil. Yesterdays high low 5322-5257 will be the trend deciders followed by Mondays high low of 5377-5196.Till the breakout from 5377-5196 happens expect lacklustre trading.
Half Hourly Chart
Half hourly charts show a clear downward bias with the bear flag support line being broken as anticipated. Drawn a trendline from the 5196 low which has support at 5268-5290 for the day.
Daily Chart II
showing red trendline as requested by sekhar
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Happy Trading !!