Daily Chart I
Daily Chart II
Half Hourly Chart
- Lower high lower low continues.
- Long lower shadow showing support at lower levels.
- Bounce from 50 % fibo level of rise from 4675.
- Half hourly oscillators in positive divergence.
- Daily oscillators moving weakly towards oversold levels.
Till the Nifty trades above 5135 weakness will persist. Supports are at 5038-4950
Happy Trading !!