Nifty broke down from the rising wedge and though it found support due to gap up opening on 14th Aug, it opened gap down today below the gap up it made on 14th Aug and slipped more than 100 points down.
5750 once gain confirmed to be an important level.
(Note - RISING WEDGE is a bearish pattern but due to bullish rally nifty though broke down from it managed to cover the losses and closed the day near 5750 on 14th Aug.)
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