Tuesday 6 June 2017

Classic -ve Divergence at Upper Channel!!!

Hi All,
Markets are likely to open on a flat note tracking global markets, SGX Nifty is trading @ 9697 (+3 Points)
Markets are trading at a upper channel resistance on hourly chart(Refer the image), also it has given a Classic Negative Divergence at channel resistance and break below 9660-9650 will lead Nifty towards lower channel support.
Areas to watch out
Supports @ 9630 - 9600 - 9570 - 9550 – 9520
Resistance @ 9700 - 9750
Regards,
Mayur Shah.
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2 comments:

  1. Clara Mellor6/29/2017 2:49 pm

    Indian equities are likely to open flat with positive bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets.capitalstars

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  2. Clara Mellor1/08/2018 2:09 pm

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