NIFTY Intraday update

• Nifty hour chart shows support at 50 Hour SMA.
• Bears need an Hourly closing below 50 Hour SMA 
• Price sustaining above 50 Hour SMA Will continue to favor bulls of nifty. 15 Minutes chart shows a broadening pattern. Broadening top patterns are generally bearish in nature.  But in this case if price trade above 5400 - 5415 level it will lead to another breakout in favor of bulls.
• HINDALCO CHART ANALYSIS