Market continues to be in the bearish zone.
If Line 3, which is approximately at 5170, is broken, then we might see NIFTY moving towards Line 4. Within the inset, a zoomed view of the last four week’s price action is zone. Notice that the real body is the largest of all the four candlesticks, which throws light into what is in store for next week. Note that, this analysis does not consider any Budget implications but Technical.
