Hi All,
Nifty on hourly charts has shown first sign of cracks with a negative divergence......
The same would be triggered below 5800-5790.... and the targets can be 5730-5670 with stop loss above 5840-50....
Nifty has rallied up a lot and looks like is due for a small pull back at least.....
Update - Nifty May PE 5700 @ 64 and 5800 PE @ 97-98 looks good.....
Cheers
Hrishi
Nifty on hourly charts has shown first sign of cracks with a negative divergence......
The same would be triggered below 5800-5790.... and the targets can be 5730-5670 with stop loss above 5840-50....
Nifty has rallied up a lot and looks like is due for a small pull back at least.....
Update - Nifty May PE 5700 @ 64 and 5800 PE @ 97-98 looks good.....
Cheers
Hrishi
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