December 22, 2016

NIFTY One hour and 15 Minutes chart update

  • Nifty bulls will remain weak below 8057. Daily close below this level will strengthen bears further. So bulls need to get back above this level if they can to avoid further bearishness.
  • 15 Minutes continues to trend strong in favour of bears below the cloud. 15 Minutes cloud gave a good sell entry yesterday as shown in the chart. Cloud works well in trending phase.

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