Gap down once again leaving the gap uncovered. Close was however at the 61.8% level of rise from 5197 to 5744.Strong supports now at 5350-5259. Stochastics showing slight positive divergence.
Daily Chart II
5208 is another strong support.
Half Hourly Chart
Pennant forming indicating continuation of fall.
Half Hourly Chart II
A ray of hope for the bulls from this sharp falling wedge.
Happy Trading !!