East meeting west.....

Hi All.....

Though the bias for Nifty is sceptical..... On hourly charts its giving multiple divergences, which is usually followed by at least a relief rally. Along with divergences Nifty hourly charts has given a Hammer Pattern at a support area near 5660-80.....

Hammer is supposed to be one of the most popular Candlestick patterns (eastern technical tool, ofcourse from Japan)...

Hurdles on the upside near 5730-40-5780-5830....

Supports near 5660-5600...

Bull Fighting.......

Hi all,

It seems like Nifty will hold 5780-70 area....  Buy with a SL below 5775 TGTS can be 5870-5910-5950--5980.....

Also a divergence on Nifty hourly charts.....

Cheers

Hrishi