Read about "Pivot Point Trading" here.
Nifty started the week with Hour Overbought readings but with trend of all Time frames in UP mode. Keep an excel file with these crucial numbers drawn as horizontal line or in your chart and move into trading and see how these numbers have helped in trading along with a simple addition of trendlines.
We also started with our analysis of 5935-5965 as a cluster of resistance points and watch how that has acted as resistances and Nifty after Monday's uptrend failed to move past R1 in all days; started to trade below Day pivots; closed below Pivot from Wednesday. Also notice that due to uptrend how when prices started to weaken, S1 gave support when Pivot was breached till Thursday and on Friday, it was exactly opposite of what happened on Monday that Nifty touched S3-5826(On Monday Nifty cleared R3-5904).
......................................................................Monday: Trend up in all time frames; Gaps up; ORB breaks but finds support @ Pivot-5832 and moves steadily up, rising on a trendline, pausing @ Day R3:5904, finally reaching Week R1:5918.
Tuesday: Hourly divergence starts to affect the prices at the open after a gap up; ORB breaks but supported by Pivot(5887) & bounces and the channel breaks down @ 5903, moves down breaking Pivot and moves down to take support @ Day S1 @ 5855; bounces off it, pauses @ Pivot for awhile, takes channel support and moves to Week R1:5918.