Nifty-EOD Chart (28-Feb-2013):-
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1- 61 sessions sideways trading between 5823-6111.
2- Head and Shoulders pattern formations in last 61 sessions with Neckline at 5823.
3- Neckline Broken down on 26-02-2013
4- 3 Consecutive closing below 5823 in previous sessions.
Conclusions from EOD chart analysis
Pre-Closing Outlook(01-03-2013)
Indian markets gave weakness confirmations yesterday therefore some more down moves are expected and 5548.35 will be watched because good supports there.