NIFTY

 NIFTY IS GOING TO COMPLETE HIS 4TH WAVE. PRICE IS TAKING RESISTANCE AT 61%(5377-4769).

 PRICE IS SHOWING DIVERGENCE IN DAILY TIME FRAME. RSI 42 AND 14 IS SHOWING RESISTANCE AND SEEM LIKE DOUBLE TOP IN IT.
MACD IS SHOWING DIVERGENCE BUT JUST HAVE TO WAIT FOR CROSS OVER.

 PRICE IS NEAR TO 200 EMA LEVEL AND ALREADY TESTED IT. VOLUME IS IN DOWN SLANTING MOVE.
ADX IS IN OVER BOUGHT ZONE.

IF PRICE BREAK THE LEVEL OF 5145-50 THEN PRICE CAN FILL TWO RUN AWAY GAPS.

USDINR IS NEAR TO TREND LINE SUPPORT.













OVER ALL LESS POSSIBILITY OF BULLISHNESS.