Nifty 1 HR. Chart
Nifty Daily Chart
After achieved my lower Tgt. near 5300 now i am turn to bullish mode when i will get conformation on charts so at this point i would recommend to square off all short position & wait for the conformation .
According to 1 hr. chart indicates positive divergence in indicators ( RSI, MACD , Stochastics ) with bullish diagonal pattern in C wave . In daily chart pattern MACD & HACO indicators are still in bearish mode so lets wait for the buying signal in these indicators as well as to get conformation in chart also.
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