The momentum indicator has gone in sell mode with a negative divergence on the daily chart and that's quite a negative sign for bulls as this confirmation from the Know Sure Thing will favor bears
In the daily chart the index is trading above the Twenty-day moving average (DMA) and the Forty-DMA DeAndre Hopkins Texans Jersey , ie 7413 and 7191 respectively. The thrust indicator is trading in positive sort on the daily chart
In the hourly chart, the Nse Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 7622 and 7568 correspondingly Cullen Gillaspia Limited Jersey , which are vital intra-day levels. The hourly impetus indicator encompass turned negative.
The market duration was turned negative with 309 advances and 1286 declines, Unchanged 35 Total Issue 1630 on the National Stock Exchange.
Nifty Future Major Resistance on Upside at 7648-7735-7821
Nifty Future Major Support on Downside is at 7509-7457-7370
Trend Deciding Level at 7596
Bank Nifty Major Resistance on Upside at 15516-15885-16254
Bank Nifty Major Support on Downside at 14952-14757-14388
Trend Deciding Level is at 15321
5 Daily Moving Average @ 7625
50 Daily Moving Average @ 7048
200 Daily Moving Average @ 6345
5 Days Relative Strength Index @ 80 and 49 Days Relative Strength Index @ 66 INDICATES NIFTY PLACED IN EXTREME BULLISH ZONE, WITH BEARISH MOMENT.
Stock Trading Tips
Buy Nifty Fut Jun Intraday above 7580 sl 7555 Tgt 7600-7625 {Or} Sell Below 7530 sl 7555 Tgt 7510-7485
Buy Bank Nifty Fut Jun Intraday above 15180 sl 15130 Tgt 15230-15280 {Or} Sell Below 15080 sl 15130 Tgt 15030-14980
Curious Fact
Cheetahs are so fast that when they start to run Kahale Warring Limited Jersey , they can reach 113 km per hour in just a few seconds. Their eyesight is incredible too-they can spot a prey from almost five km away.
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