Once again Nifty in at the crucial zone of 5610-5625, which has been tested 4 times in the last 45 days and now it is awaiting for any positive trigger which can give a sudden rise of 50-100 points, but only on confirmation.
On the bearish side, Nifty is moving up with multiple negative divergences in hourly charts which can result in corrective decline to 5520/5475/5445……in coming sessions. If nifty is above to hold 5450, the chances of 5700+ are more in near future.
Since last few days nifty is rising. Tomorrow on 30th is the expiry day and volatile session is on its way. Nifty hourly chart shows vertical straight line rise and one should not go against the market by shorting a strong market.
Axisbank, Bhartiartl, Biocon, HCLTech, JindalSteel, Rpower, Sesagoa etc. should be watched carefully.
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