Nifty Hourly Charts
Nifty showed a tremendous move on Wednesday after 5 days of downfall and
Nifty Hourly Charts moved back to buy as per the trading system and also moving into a vertical channel.
As said in Nifty Weekly Analysis 5777 on closing basis should be SL for longs.
Always give prefrence to Higher Time frame(Weekly) above daily and Hourly for your trading decisions.
Now looking at Hourly chart we are trading in channel and move above 5923 can take us to 5945 and 6000 levels
Nifty Daily Chart
Stochastic has again moved above 80 which can give more power to BULLS
Buy above 5923 Tgt 5944,5978 and 6044 SL 5887
All are Spot Levels
Bank Nifty Hourly Chart
Bank Nifty on Hourly
Bank Nifty Daily Chart
Bank Nifty needs to break 11900 to continue its up move furthur
Buy above 11900 Tgt 11967 and 12100