Hourly Chart In hourly charts we see a Inverted Head & Shoulder pattern but heavy selling pressure near the Resistance line. A strong upmove with heavy volumes needed to break the Resistance line. Today if breaks above and holds for 10 min with Volumes 4600 - 4610 levels then next target is 4621 / 4662 / 4680 / 4703. Again yesterday FII’s are huge buyers.
5 Min Chart
In 5 min chart support exist at 4550 levels. If today Nifty opens above 4570 means even we can keep 4570 as Buying Stop Loss. Nifty made a raising channel pattern in 5 Min chart. So today it is an important day for the market. Make or Break Situation.
No comments:
Post a Comment