Half Hourly Chart
Bulls failed to cash in on the bullishness of yesterday's hammer. However support was once again taken on the green dotted uptrendline from the low of 4786.Also a higher high and higher low was made though with a very small difference on both ends.
The neckline of the bearish head and shoulders too has been held.The neckline is around the 5848-5850 level for tomorrow. Breaking this would find support on the lower trendline of the downward sloping channel which is around 5790-5760.Resistance from this channel is at 5950-5925.Only a break above this channel can see some pullback. The 61.8% retracement level of rise from 5349 to 6338 is at 5730. The 38.2% retracement level of rise from 4786 to 6338 is at 5750.
Resistance at 5890-5920-5944-5976 and Support at 5850-5825-5785-5730.
Happy Trading !!