Daily Chart
Taken support on the green trendline and 50 dema and closed above the
uptrendline.5 and 20 dema have given a sell.Strong supports at 200 dema
-5200, previous low at 5171 and downtrendline from November 2010
--5137.5113 is support on the flag. Break of these supports will signal
a downtrending market once again.
Daily Chart
Half Hourly Chart
80 % of the move from 5177-5499 retraced which is a bearish sign
indicating the low of 5171 may be broken.Strci stop loss of 5100 on
longs.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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