Nifty (5333.55): Ok, let the chart speak.

Nifty- Hourly charts

Look for resistance to kick in at 5403 or 5460. A very remote chance of 5520. To get here Nifty could take today’s entire session and possibly a little of tomorrow’s session too. But once resistance is in, a fast decline should start, be it a C wave or wave 3 –  both have similar characteristics. Remember, it will not be a straight decline though as shown by the dotted line but rallies will be small.