Daily Chart II
Chart II shows a bullish inverse head and shoulder breakout giving a target of 6180.
Volumes increased in comparison to the volumes on the three day fall.Medium term emas, 5-10-20-50 are all bullishly aligned.Only point of caution is the 50 and 200 dema are still bearishly aligned and 5944 yet to be scaled.
Half Hourly Chart
Half hourly charts too show the uptrend continuing with the breakout from the pennant. The downtrendline from 5944 offers resistance at 5728-5726 for tomorrow.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!