Daily Chart
A higher high which failed to sustain. The breakout from the pennant failed too.Now 5143 and 5033 are the trend deciders for the very short term Beyond which 5169-4911 will be the boundries to be crossed for further direction.
Strong resistances at 5174-5215-5229-5343. Supports at 5110-5078-5019.
Half Hourly Chart
Macd on half hourly charts showing negative divergence.Divergence signals on Macd have worked well in the past.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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