Nifty Hourly Chart
Nifty gave a Breakdown at much publicized 5471 levels and from past 2 days trading in a small range.
Yesterday was an Inside day,Inside day basically means when an Stocks is unable to break High and Low of Previous day.
Nifty was unable to break and was trading in a small range.
RSI is oversold so we can get a brief bounce but than should be used to sell into rise and liquidating the Longs held.
if 5403 Helds for today than we can see a relief rally till the breakdown point of 5471 Levels in coming 2 sessions.
Buy above 5430 Tgt 5452 and 5472
Sell below 5403 Tgt 5365 and 5350
Sell Crompton Greaves below yesterdays low
Sell below 235 Tgt 213.1 and 228.6