NIFTY Short term view

Nifty on hourly timeframe is showing a bullish divergence with support placed at avwap level from June. Fresh shorts here are looking risky and even if it has to fall further to test the budget day low, I expect a bounce upto 20dema on daily time frame, which will act as strong resistance.


Trade cautiously. Happy trading
Chart Patternsnity50Trend Analysis

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