The Rsi14 has moved below the March 2009 levels and Macd is now negative below zero line. Stochastics languishes in the oversold zone. All pointing to bearishness.
Half Hourly Chart
Tomorrow is the weekly and monthly closing and we should focus more on the closing price.The weekly support on the uptrendline from March is at 5052. The Inverse head and shoulder neckline is at 4655. Hence if the close is below these levels then the Nifty is in for a good downside.Refer to weekly charts posted on my write up for 26th October.
Happy Trading !!