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.
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.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!