The sloping green trendline acted as a support earlier, breaking the same Nifty came down heavily. And now, after getting resisted at that line for three days, it has gapped up above that line yesterday and found a good support in today's intra selling..
Now this "line" should be a S&R for the bulls and Sell trigger for Bears..(It is 5015 for tomorrow and it rises by 5 points a day)
For the "Gap geeks", the gap has now been filled to carry on the uptrend.
Make or Break day...says my Critic..
Hour: Continues its uptrend with in the channel but with -ve div..
Breaking of the channel: signalling a 4th , followed by 5th..??
After a brief correction, TA seem to have turned up..SL for longs now @ 5010 and SL for Shorts should be the previous high of 5074.