Nifty 23 oct 12 9:53 AM

                                                                     nifty 30 mins chart

Nifty on chart is making rising triangle from which break out or breakdown needed for uptrend or downtrend respectively. (break down is more likely as rising triangle is a bearish pattern)

In previous post I wrote about triangle breakout but nifty does not seem to be sustaining above the level 5718.