Thursday, June 9

Will Nifty Break the sideways move?

Nifty Hourly Chart

Nifty Hourly chart is forming a converging triangle as shown in the below chart.Nifty Futures have been in a trading range from 5480-5570 from past 5 days.Lows have been rising.
After Every Volatile Move Sideways move come and after Sideways move Volatility lies ahead.

On Hourly Chart we have support 5480 and 5450.

Nifty Daily

Nifty Daily  showing stuck in a trading range and Yesterday formed an Inside Day candle which signify volatile move ahead.
Today there is EGOM of Diesel Price Hike also so it can give the required boost to nifty …
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