Half Hourly Chart
Nifty made a higher high and lower low thus making an Outside Day pattern which could lead to a reversal.Negative divergence on OBV and daily oscillaotrs persist.The green wedge shown on half hourly charts was broken and could lead to a test of the low made last Friday at 5342. Support at 5382-5393.
The downtrend channel breakout target of 5440 was achieved today.
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