Daily Chart
200 dema proving strong resistance now at 5147.Doji and inability to break out from the bearish engulfing candle's range shows indecision.Redrawn the rising wedge to get more clarity.Daily oscillators supporting a fall.The green neckline shown on half hourly charts proving strong support at 5035-5040 for tomorrow.
200 dema at 5147 remains the first hurdle which needs to be crossed for the upmove to resume.Else the bearish target of the rising wedge is achievable.
Half Hourly Chart
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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