Hi all,
Nifty entered the support area of 5440-5520 levels and has given a +ve divergence on hourly charts....
With stop loss below the supports one can be long on Nifty @ CMP or may be after a bit of decline with Targets higher near 5600-5660-5700....
Moreover if Nifty closes like this today, it might also end up giving a +ve divergence on daily chart which will be a confirmation for some aggressive targets.
Cheers
Nifty entered the support area of 5440-5520 levels and has given a +ve divergence on hourly charts....
With stop loss below the supports one can be long on Nifty @ CMP or may be after a bit of decline with Targets higher near 5600-5660-5700....
Moreover if Nifty closes like this today, it might also end up giving a +ve divergence on daily chart which will be a confirmation for some aggressive targets.
Cheers
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