Nifty Futures
LTP 14384
Support 14213
Resistance 14520 levels & 14660 levels
Hourly chart (short to medium term)
Divergence Indicator has given a bull signal
RSI has bounced back from the 30 mark which is a good sign
3 Green candles may indicate that the strength is returning
MACD, though in the bear zone, we can see the red bars fading away
15m charts (intraday)
5, 10 and 20 DEMA organizing themselves
MACD in the bear zone but with a bullish reversal
RSI has almost broken the 50 mark
Final overview: Buy nifty for targets of 14500 & 14600 with SL of around 14200.
LTP 14384
Support 14213
Resistance 14520 levels & 14660 levels
Hourly chart (short to medium term)
Divergence Indicator has given a bull signal
RSI has bounced back from the 30 mark which is a good sign
3 Green candles may indicate that the strength is returning
MACD, though in the bear zone, we can see the red bars fading away
15m charts (intraday)
5, 10 and 20 DEMA organizing themselves
MACD in the bear zone but with a bullish reversal
RSI has almost broken the 50 mark
Final overview: Buy nifty for targets of 14500 & 14600 with SL of around 14200.