Nifty hit the old resistance at 5600 levels and saw gap down opening. Though the sell off was more news based but our charts predicted that the bull bear line at 5600 matters a lot.
The picture is bullish as the hourly trend indicator is still bullish as price is above the levels.
This is the third time 5600 is hit in last 1 month for Nifty and it has failed to cross. The next touch of 5600 will set the trend.
Nifty in hourly trend.
The picture is bullish as the hourly trend indicator is still bullish as price is above the levels.
This is the third time 5600 is hit in last 1 month for Nifty and it has failed to cross. The next touch of 5600 will set the trend.
Nifty in hourly trend.
No comments:
Post a Comment