Nifty expected to open inline with expectation just above 5864 and dipped to overlap zone and taken support line 5802 was broken too....
The support broken along with negation of divergence on 3 mins which this down move not ended..
Intraday spike seems a trap for bulls...
Resistance on higher side seen at 5944...
Nifty 7 mins chart shows overall picture of B.b from 5971.... Lower low along with raise above zero along with sell eod... Nifty will show positive divergence once goes below 5791..
Nifty 2 mins chart gives negative divergence....
Sell on rises as long as resistance 5944 holds... Sustaining above 5944, labels need to be reanalysed....
The support broken along with negation of divergence on 3 mins which this down move not ended..
Intraday spike seems a trap for bulls...
Resistance on higher side seen at 5944...
Nifty 7 mins chart shows overall picture of B.b from 5971.... Lower low along with raise above zero along with sell eod... Nifty will show positive divergence once goes below 5791..
Nifty 2 mins chart gives negative divergence....
Sell on rises as long as resistance 5944 holds... Sustaining above 5944, labels need to be reanalysed....
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