Weekly Chart
Daily Chart
Nifty has recovered 50 % of the fall from 11794 to 11185.A lower high lower low is in place confirming a short term downtrend. Only a close above 11585 will negate this.
Five Minute Chart
The correction is within a falling channel as shown on the 5 minute chart.A breakout from the channel will be the first sign of the upmove resuming.
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Happy Trading !!
Lakshmi Ramachandran
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