Nifty and Bank Nifty 90 min charts are in buy mode since last thursday early morning. Currently Nifty intermiate supports are at 5000 and cloud supports are at 4956. Exit long positions if nifty close below 5000 on EOD basis or reverse positions to shorts only if nifty closes below 4956 on 90 min timeframe. On the Bank Nifty 90 min charts the ichimoku cloud supports are coming around 9694 on the 90min charts.
Related Readings and Observations
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