Day and Hour Channels ,
last falls from 5246 -5165 was 81 points , from 5378-5294 was of 84 points and from high of 5448 we have already done a fall of 77 points till 5371 anything more than 5364 downside ( 5448-84) means the falls would be deeper .
Also 80% of last rise comes to 5363 ,and break of 80% warns you of more downside..new lows . Last low before we turned up was 5341.
If prices take support at 5360-5370 zone , then HH is possible , taking into consideration that day channel is yet intact and the bottom of channel is far from where prices are trading now .
