Daily Chart
Daily Chart
Half Hourly Chart
Half Hourly Chart
Nifty has proved it's bullish
bias by shaking out the bears and surpassing the target of 5346 as shown on half hourly
charts..Breakout from the downtrendline as shown in the second
daily chart is however pending unlike the Bank Nifty.
A little caution is needed as per
the rising wedge forming alongwith negative divergences shown on daily
stochastics and half hourly stochastics and Rsi14.Daily oscillators too in the overbought region can trigger a pullback.
Buy on dips.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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