What next?

 

1. As expected, it was an uncomfortable day.
2. The candlestick formation of today “B”, has a larger red body than “A”, which calls foe a caution.
3. As I told earlier, the critical level I watch for is 5350. Historically, such critical levels are broken down with high intensity. Will it do that tomorrow or next week? We have to keep our fingers crossed.
4. You may recollect that, in an earlier posting, I had mentioned the resistance as 5416-56. This band has not broken out upwards and getting high selling pressure.
5. Anyways, the next couple of day’s move has utmost importance.