Has the Bottom Formed at 4793 in Nifty

Excitement is the first & last enemy of traders/investors. Keep a lid on it in this Volatile times.

Nifty Hourly

Nifty on Hourly Chart is moving in the trending channel as shown in above chart and touching the bottom on downward trendline@4800  before giving a 50 point jump in dying hours of trade on Friday.  On Upside Nifty will face resistance @4893  and above it 4932 the gap formed on Friday gap down. Break of 4793 will open the gate till 4500

Nifty Daily

On Daily Charts Nifty Continued its downward journey intact making  a new 52 week low @

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