Half Hourly Chart
Today's candle was bearish with a bullish tinge. It broke supports but the long lower shadow showed good support at lower levels. Till this level holds we may expect some recovery. However the neckline shown in green on half hourly charts and the neckline on daily line charts shown yesterday has been violated. The trend is now down as we have a lower high at 5342 and a lower low below 5160.
Sell on rise is the trading mantra until proven otherwise.
Supports and Resistance marked on charts.
Happy Trading !!