NIFTY One hour trend analysis

• So far the dips in hour chart has acted as a buying opportunity. The current fall has broken the up trend line and is testing a horizontal support zone. Breaking below this zone and 100 Hour SMA Shall result in a bigger fall.
• Price falls below the hour cloud has acted as buying opportunity so for bulls price must get back above the cloud for continuing the trend.
• 5348 is a crucial level as shown in daily chart analysis. For bears hour should trade below 100 Hour SMA and 5348.
• NIFTY DAILY CHART ANALYSIS