Nifty daily analysis

• Nifty spot for  a brief period was above the 5 day EMA. But was not able to sustain above 5 day ema and got sold off. In the process it has given a candlestick with a long tail. This one looks looks like an inverted hammer.
• I have drawn support and resistance lines in the daily. The current correction may end near the support line making this a triangle. Breaking above the line can give new high's for nifty.