Yesterday's last hour selling was followed by early morning selling and that brought back nifty from over bought zone in hourly time frame to comfort zone. nifty took support on the uml of the pitch fork perfectly. while stochiastic took support on the trend line shown in the chart. next resistance for the nifty is the vital line shown in the chart. if it takes out that its journey will continue. as nothing rises in a straight line so we can get pull backs on the way. connect with me to get regular updates. follow me to get updates. don't forget to like this post.
Sir, the over bought / oversold situation on hourly basis means trading intraday . This is very risky. What one should look for investor traders or swing traders .
bijoy2526
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@JagdishKumarPahuja, for investors it does not matter. For swing trades it is always rewarding to buy on dips in bull market.
pankajjalan24
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thank you Bijoy sir!! please review and post banknifty as well
bijoy2526
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@pankajjalan24, ok let me see as of now trading crude too. If time permits I will publish.