Nifty breaks the Channel

Nifty must break 5815

Nifty must break Oct'12 peak of 5815 for further weakness. On 18th Dec also it took support from this level and jumped back. 1st support at 5840, then 5815.

SAR Hit

Sar is hit again. Market in sell mode. MACD gave sell signal 3 days back. 

Nifty again below 10 ema

Nifty closed below 10 ema, 5 ema. Macd, Stockastics have given sell signal.
BankNifty has not broken yet. It closed above 5 & 10 ema.
In individual stocks Infy, TCS & Bharti continue to fall. Hindalco, Rcom, TataMotor are showing strength. Tatamotor has already given a breakout.
Nifty needs to break 5830-40 range for further weakness.