Daily Chart
An Inside day pattern and a doji formed. Both indicating indecision. trade was well below the 5348 level and all attempts to stay above 5300 failed. This indicates weakness.As per the Inside day pattern the high of 5377 and low of 5196 needs to be taken out to indicate further direction. Till then it will be indecisive trade days. Stochastics and Rsi14 in oversold zone.
Half Hourly Chart
A bear flag seems to be forming which should ultimately break lower. Support at 5269-5285. Resistance at 5326-5330.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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