Nifty

NIFTY 1 HR. CHART

NIFTY DAILY CHART

Nifty did fall as i told before but it touched 5604 (  which is previous low in daily chart) as well as there is no bullish candle pattern yet so we should look for bearish at this moment till 5400-5450 levels for short term .

 

   According to 1hr. chart recent fall is in 5 wave pattern which indicates small bounce back , That could be add more short position at higher levels .

 

NIFTY FUT.

We saw a straight pull back rally from lower levels after divergence happened in daily chart and trading above weekly bullish candle also. so at this point I hope we could see a small correction then buy according to daily bullish candlestick pattern in daily chart at lower levels.