Half Hourly Chart
- Inside day keeping within the range of previous day of 5342-5299.
- Failed to move above the trendline from which it broke down --shown on daily chart.
- Broken down from rising wedge shown on half hourly charts.
- Daily oscillators have mader lower highs and starting to move down.
- Half hourly oscillators are not showing strength too.
- Emas on all time frames bullishly aligned.
An upmove would require the Nifty to trade more robustly above 5370-5400.
Long or Short remain hedged till more clarity on direction of the Nifty.
Happy Trading !!