More downside expected!!!

The breakdown of the 5min triangle would easily fetch 40-50 points!!

Analysis for May 24

Month Lema is 5452 and the week Lema is 5458. Any upsurge - may be due to the +ve short term divergences in Hour charts - will face resistance at these levels!! The Day Lema is 5399 and pivot is 5395 - and trading below these levels would drag Nifty down and a brekdown below 5367 -yesterdays low would lead to heavy fall!!

Intra day range:

5368 - 5395 - 5410 -5455

BANK NIFTY FUTURES FAST RISE!!

BN fast rise !! It gave 100 points from 10420 to 10520!!