Momentum is Waning

A Neutral Day though slight downward bias.

Why I call a neutral day cz after the failed break out we are still stuck in the same range of 5605-5705. Break of 5705 Lead to 5605 .... but below 5605 the fall which was expected did not culminate. The momentum is not visible in the fall.

For tomorrow The Resistance lies at 5630 - 5640 where again shorting can be done with a small SL. A Move above 5645 NF may lead to 5680 - 5695 though chances are remote. On the contrary a break below 5605 would lead to 5556. At 5556 One can buy with a small SL of 10-20 Point as this will be a low risk high reward trade.

Keep in The trend is still bearish till we don't close above 5920.