Nifty hourly chart
Nifty hourly ichimoku chart shows that nifty is trading below the hourly ichimoku resistance for the past two days and still mainintaining below the hourly resistance cloud. Currently the hourly resistance cloud is near 5040. Trading bias is negative until nifty trades below the hourly cloud. Also the daily resistance cloud has been shifted from 5148 to 5101(Check out the picture below)
Nifty Daily Chart
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