- Nifty is still below crucial moving averages in hour time frame. Once price sustains above 20 Hour SMA we may see good gains for the positive divergence shown in the previous post. Price if unable to break above 20 Hour SMA will be negative for bulls.
- Fast fall shown in an earlier post has given good gains. 50 SMA came closer to 200 hour SMA But was not able to cross over and kept moving away from 200 Hour SMA giving good gains for Bears.
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