Are Bulls Showing Positive Signs? Nifty Hourly Chart Analysis

In the last week, I explained The Cycle of Lows in Nifty 50 Index is going to hit in the next couple of trading sessions.

This week, that time cycle has its deadline. As in past rule had worked this time also maybe again Cycle shift the odds in favor of bulls.

Follow Closely... Support Area for Nifty Bulls 

Today’s low is near Critical support zone; as critical cycles or such times arrive, Market's action express themselves in extraordinary style.

On the upper-hand, 10455-480 (RED) zone will play a crucial role if the Market reaches.

On holding above that bulls may get further energy to rise. The close monitoring will be a must as Price will move above that zone.

On the lower-end; 10250-230 (Green) is the significant Support area for Nifty bulls.

If Market breaks that area and started continuous holding below that then further drop is possible.

I’ve set the groundwork for you. Watch the Market’s action to make the right decision. - Divesh

Note: Above mention Price projection & other Information is for educational purpose only.

About the author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.