Nifty daily chart analysis

• Nifty managed to come back above the 5 day low ema and closed above it.
• But nifty for the second day has closed below 20 DAY SMA. And the more it trades below its daily 20 SMA the more bearish it gets. 
• The stochastic indicator has been showing negative divergence for quite sometime without any major correction. So If the price falls below 5350 the negative divergence will take effect.
• Nifty futures is showing a triangle in  its 5 minutes chart.