Nifty Future

Daily Chart (Overall long-term)
I've 2 trendlines (blue). The first one is cut-off and the second one is the trendline that we are following now. Daily candles are taking support here and we can see a very strong upmove if anything funny doesn't happen.
The black dots are Parabolic SARS. Parabolic SARS is an indicator which if down signals buying and if the dots are up means we may see a down-move. This indicator is giving us a buying signal as of now.
You'll see the the candle is also taking support on the 20 MA. The zone above 20 MA is bullish and viceversa.
The RSI has taken a turn upwards from the 50 levels which is also a signal of strength.
Overall the daily charts don't scare me as of now.

Hourly Chart (Short to Medium term)
The candle will have to make a very strong upmove above the 20 MA to enter the bullish zone which is very much possible. We can see weakness as the candle is currently below the 20 MA.
*20 MA can be treated as a current trendline for beginners.
RSI too needs to bounce back up as it has resisted the 50 levels which again is not a bull zone
Candles didn't give me many signals so I shifted to Heikin Ashi which does show strength though a strong upmove is still needed to be sure.
Overall, the trend doesn't look bearish but it surely indicates laziness on the hourly charts.

15m Chart (Intraday)
Parabolic SARS show a bullish signal
The candles are trading above the 20 MA which again is good
RSI shows a downtrend which again needs to change
My call here will be No Trade till the RSI shows a reversal above 50 levels.


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