- On Monthly charts from past 6 months 20 month average was offering good support.Now in this August we are continuously trading below it.It gives a dangerous signal and closing below this line in August month pushes in to fresh bear market.
- On Weekly charts too the consolidation range from few months threatening to get violated.You are aware of 50-100 week average range from few months.Closing below 5400 gives first dangerous signal for long term trend then gradually it appears on Monthly charts.Derivative data still suggest strong supports at 5300&5400
- For Thursday's trade watch sustainability above 5429
