Hi All,
Nifty showed some sign of weakness on daily charts yesterday and now 6100 holds the key...
Below 6100 a Swing divergence will get triggered on Nifty daily chart which is a fairly bearish sign and could take Nifty to lower levels of 6030-5980-5900-5865....
However going short is only advisable if markets sustains below 6100 mark.
Resistance will be 5260-5300-5360...
Cheers
Hrishi
Nifty showed some sign of weakness on daily charts yesterday and now 6100 holds the key...
Below 6100 a Swing divergence will get triggered on Nifty daily chart which is a fairly bearish sign and could take Nifty to lower levels of 6030-5980-5900-5865....
However going short is only advisable if markets sustains below 6100 mark.
Resistance will be 5260-5300-5360...
Cheers
Hrishi
