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Hi All,

Sorry for not updating the blog for a long time now. Was caught up in some things.... Shall post something new as per the market developments...

Thanks for following....

Cheers

Hrishi

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