Bearish phase after crucial levels breaking down confirmations

                                   Nifty-EOD Chart (01-Apr-2013):-

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Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion)
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Wave 3(6111.80 on 29-01-2013)
5- Wave 4 correction beginning
6- Wave 4 bottom formation at 5487.00 on 09-04-2012
7- 200 Day EMA at 5667 on 09-04-2012
8- 200 Day DMA at 5645 on 09-04-2012
9- Neckline broken down of almost 7 months old Huge Bearish Head and Shoulders pattern which started on 14-09-2012.

Conclusions from EOD chart analysis 

Following crucial levels broken down confirmation:-

1- 5629.95(Top of Wave 1)
2- Long Term Trend decider 200 Day EMA at 5667 on 09-04-2012
3- Long Term Trend decider 200 Day DMA at 5645 on 09-04-2012
4- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
5- Neckline of almost 7 months old Huge Bearish Head and Shoulders pattern

Bearish phase beginning after breaking down confirmation of above most crucial levels and testing possibility of unbelievable lower levels in the coming months. Next supports are as follows which may generate Pull Back Rally:-

1- Gap Support between 5447.45-5526.95
2- Gap Support between 5260.60-5309.20
3- Support at 5215.70
4- Support at 5032.40
5- Support at 4770.35