Chart shown here is 90 min charts of Nifty recently with Buy signal with cloud supports coming near 5697. Position should be reversed if nifty drops below the cloud zone 5697
Nifty maintains the hourly sell signal with resistance place at 5435 zone. And also spot nifty is holding the GANN Support zone 5410-5415 zone. As of now nifty nears the make or break kind of situation which could be confirmed after crossing the 5410-5435 barrier. Gann lower end supports next 5410 are available near 5210 zone.
Nifty hourly trading shows the continuation of the buy mode with hourly supports near 5456. Also the rising trin charts shows that recently there are more declining stocks than the advancing stocks in terms of volumes which indicates the possibilities of bearishness in shorter term. Any failure to hold 5456 could target nifty towards the next available gann support zones 5370 and 5180
Nifty Hourly charts are still in uptrend with supports 5348 zone. But the 15 min charts had turned down recently with cloud resistance formed near the 5416-5427 band band. Those who are willing to short should hold the stop loss near the 5416-5427 region. Trade should be reversed if nifty surpasses the resistance band.