Daily Line Chart
Half Hourly Chart
The broadening triangle's upper trendline offered strong resistance and Nifty reacted as expected to correct 45 points on good volumes. Support was found exactly on the dotted trendline joining the low made on 30th July 2010.The Obv on daily charts has broken it's bottom made on 6th August .The corresponding low of Nifty on Line charts is at 5431 .
Breadth was negative and Volumes were higher than the past few days. The declining volumes were much higher than the advancing volumes.Negative divergence on daily charts are intact.
Check for supports and resistance marked on the charts.
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