Hi Friends,
The last post said nifty is likely to see a downward journey till 8420 - 8360, which was achieved on 28th Jul thanks to global and domestic news.
Now what, looks like Nifty has taken support of 8360 - 8310 levels. Hammer on hourly charts + RSI Divergence indicating weakness in the down trend.
A decisively break above 8440-8450 will lead nifty to 8570 - 8640 levels.
The last post said nifty is likely to see a downward journey till 8420 - 8360, which was achieved on 28th Jul thanks to global and domestic news.
Now what, looks like Nifty has taken support of 8360 - 8310 levels. Hammer on hourly charts + RSI Divergence indicating weakness in the down trend.
A decisively break above 8440-8450 will lead nifty to 8570 - 8640 levels.
Will be posting soon. Stay blessed.
Thanks.
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