I said " The high of 5653 and low of 5541 need to be monitored for further direction ".
The rising wedge broke on the downside giving a target of 5030.The close was below the 200 dema. This is bearish. The low of 5541 was however not broken. Support taken at the 50 dema.This leaves a little room for the confusion to creep in.Break of 5541 would confirm a retest of 5496.Only a break of 5496 will bring in more selling to reach the rising wedge target of 5030.
Half Hourly Chart
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