Channel in Spot Nifty and Sensex - 28th Jul 09

Spot Nifty Intraday Chart - 5 mins:

Sensex Intraday Chart - 5 mins:

Both the sensex and spot Nifty are moving in channel, break out or break down of which may give the direction the next trend.

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Update at 11:00 PM :

Both Sensex and Nifty gave break down and reached the targets immediately