Nifty Astrotechnical Charts August 13-17, 2012

In the 30 min chart, point x has been clearly marked. Now we anticipate, a downwards, b upwards or sideways, and c downwards.That could complete the correction of 2 and only then c will start.We may look to the trend-line break of c-e to go short.   If that happens then we watch whether the market fills the gap above d.

As we see from the daily charts, 5245 seems to be important for this week.Nifty futures has also turned down from top of BB.