5 mins chart
Nifty broke out the level of 8130 yesterday and had sharp upward rally. But nifty did not cross friday's high at 8160 and yesterday it made U turn to close the day at 8146. Today also it tried to cross the same level but failed and corrected to 8130 from where it bounced back now ( 8130 is a support downside). Breaking 8130 nifty will have more downside and vice versa.
Nifty broke out the level of 8130 yesterday and had sharp upward rally. But nifty did not cross friday's high at 8160 and yesterday it made U turn to close the day at 8146. Today also it tried to cross the same level but failed and corrected to 8130 from where it bounced back now ( 8130 is a support downside). Breaking 8130 nifty will have more downside and vice versa.
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