5 MINUTES CHART
15 MINUTES CHART
- Nifty hour chart shows 50 Hour moving average approaching price.
- As long as price stays below 50 Hour moving average there is no chance for a trend reversal.
- Price is also staying below the GAP. Staying above 5230 will favor bulls. Larger up move will be possible only on closing above the GAP.
- Strength on an hourly closing above 5190.
- Weakness on hour closing below 5100