Market continues to be in the bearish zone. The important point is to be noted is that, the Critical Level of 5550 could not be breached convincingly. As you can see, on the zoomed view, three attempts to break this level upwards were perfectly contained. Notice the dotted Bars on the zoomed view. Three failures are not a joke. Unless 5550 is convincingly broken, expect heavy selling from Monday onwards. Note that we are entering a week, with Crude Oil Closed just short of $105. I will not be surprised if a Blood Bath in Indian markets occurs next week. Let us wait and see how markets turn out next week.
