CHART-II
- Break of 5281 gave a good short trade as discussed in the below chart.
CHART-I
- Nifty hour shows 50 Hour SMA coming closer to 200 Hour SMA. It can be a fast fall or if today's lows are held we may see an up move which may lead to a bullish crossover.
- 5 Minutes chart shown with ichimoku cloud. Falling below 5281 will favor intraday bears. Sustaining above the cloud may give a bullish trade.
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