Price gapped down at open but steadily climbed up and moving in a range till 11 am.The iiip news triggered a spurt and hit the red median line.Was the perfect spot to enter a short with the minimum Stoploss.And price broke the 5540 support and fell towards 5470 levels closing at 5486.Daily Chart
On the daily chart with the majoe Pitchforks drawn the daily bar tested 5593, 2 days back and moved down decisively today.The probable target zone 5300-5350 is marked in the chart where it should find a major support.
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