Hi friends,
After a rally of 300 points on Nifty (8315-8640), Bulls are likely to take rest & bears might be aggressive, which will lead Nifty to touch 8480 - 8420 below 8400 it may touch 8360 - 8320 levels.
On hourly charts Super Trend + Bollinger Bands gave weak signal indicating a move towards south & on double confirmation on Daily Charts where RSI gave Negative Divergence.
Bulls watch out and ready for a down tick. Bears will be aggressive if Nifty able to sustain below 8520 - 8500 levels.
After a rally of 300 points on Nifty (8315-8640), Bulls are likely to take rest & bears might be aggressive, which will lead Nifty to touch 8480 - 8420 below 8400 it may touch 8360 - 8320 levels.
On hourly charts Super Trend + Bollinger Bands gave weak signal indicating a move towards south & on double confirmation on Daily Charts where RSI gave Negative Divergence.
Bulls watch out and ready for a down tick. Bears will be aggressive if Nifty able to sustain below 8520 - 8500 levels.
Will be posting soon. Stay blessed.
Thanks.
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