Nifty Page: 06-02-2013(EOD)

So we did open with a gap-up above 5982 but couldnot sustain above that level . And that killed the probability of Morning Star. Infact, the channel posted yesterday could not be breached:
Yesterday's Chart:

Today's Update:

Now what about tomorrow??
I expected a higher bounce from 50DMA and ascending trendline:

and I have still not given up on my expectation of a higher bounce which should take us to 6025 levels and therefore I am inclined to view today's downmove as an Ending Diagonal of small degree (from 5990 downwards) which should end in 5936-5944 range.

And therfore, this zone of 5936-5944 becomes a long accumulation zone for me with targets of 6025-6040 in 2-3 days and stop-loss at 5920