Nifty had given false breakout on upside with positive divergence in the hourly charts which again today converted into sell with negative divergence.
Looking at globle picture nifty shall be opening gap down near 5200 – 5180 levels only if globle markets donot also if nifty closes below or trades below 5260 the swing shall be down which shall be sell on rise unless it does not close above 5400 as nifty is still holding the trendline support on daily charts.
FII net sellerr in cash segment while DII net seller (both seller)
Most active CE 5300 – 5400 while most active PE 5300 – 5200
For tomorrow nifty shall remain bullish until it is above 5296 with upward targets of 5357 – 5394 – 5455 with stoploss of 5273 below which nifty shall become weak with downward targets of 5212 – 5175 – 5114
Positional shorts on close below 5260 only until then try to buy near stop loss or play intraday levels. Nifty swing shall change if close below 5260 WHICH IS MARKED BY PINK LINE for two days till then swing is Up
MADHU INTRADAY LEVELS FOR YOU
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