Daily Chart
Daily Line Chart
Half Hourly Chart
- The nifty formed a doji once again and failed to confirm the bearishness of yesterday's doji star by trading higher than yesterday's high and low and closing above yesterday's close.
- The uptrending channel within which nifty is trading is intact .
- The last two day's move has been sideways with upward and downward momentary spikes shown by the green trndlines on half hourly charts.
- Negative divergences on half hourly charts is intact.
- The daily oscillators are also in negative divergence but have started showing strength and are moving up.
- Further upside after crossing 5332 and fall after breaking 5274 as shown on daily chart.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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