Half Hourly Chart
The fall was fast and furious. Extreme weakness with all oscillators and OBV below their November lows. Macd below zero line. Supports now at 5731-5721- 5700-5690-5639. All marked on the chart.If none of it holds, 5639 has a good chance, then down to September 2010 lows of 5348.
Resistance at 5794- 5847-5911.
If the line joining 5721 and today's low 5741 holds then the Nifty could be forming a bearish head and shoulder pattern.
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