Nifty Daily Chart technical analysis till 9th april

• The ovals shows how smart money gets out of the market
• We already had one round of profit taking last week
• But fridays price action is an indication that there is some more upmove left.
• The channel is getting converged so a false break out toward the weekly channel top is possible.
• We will see the second round of profit taking at the weekly channel top if we get there.
• The daily stochastic, cci is in overbought status so look for  negative divergence when it goes pass 5400.