Nifty Page: 11-06-2013(EOD)

As mentioned in the previous post, I was expecting the downmove from 5973 as part of a larger degree SHARK pattern expected to do the most common SHARK arm AB=1.27XA
As OX= 6132-5870=262
XA=5870-5973=103
AB=5973 downwards
AB=1.27XA meant 5842
This 5842 made sense from another angle that it was coming after filling 5844-5854 gap.
So I was ready with following chart in the morning:

But this 'anticipated' SHARK failed to take off, and not only breached  the 5790 support but alos closed below it.
And it forces me to have a fresh look at price-action and figure out a pattern again.

The upmove 5477-6229=752
Its 61.8% retracement means 5764

And on drawing most simple channels:

Adding Andrew's Pitchfork to it:

It gives a very important convergence of three support lines at 5725

Thus I would conclude that 5760-65 and 5725 are two very likely reversal points.
We might very well see an exhaustion gap-down opening tomorrow