Nifty hour chart analysis

ONE HOUR CHART

• One hour chart is showing a possible double bottom in nifty futures.
• Try to enter on a breakout above 6234.
• As discussed in the below chart price trading below 6198 will make the bulls weaker and give bears a chances A risky chance for the bears.

4 HOUR CHART

• Nifty 4 hour chart showing the current price action as a breakout from a consolidation. 
• If NF continues to trade above 6198 bulls have nothing to worry.
• Bears will become confident only if price starts to trade below 6198.
• Watch how the bigger time frame has less noise things are clear out here.