Nifty Weekly Technical Analysis for Week 17-21 October
Nifty Hourly Chart
Nifty Hourly chart is having 2 gap which are not filled in the current up trend which is 7 days old.Hourly charts are having negative divergence but the daily and weekly charts have moved in uptrend and negating the Hourly time frame. Hourly dips are getting bought as on Friday also when 4957 Low was bought and market moved higher in afternoon session.
Gap 1 from 4827-4861
Gap 2 from 4967-4998
5141,5169 will be a important levels to watch as it has been elusive level in previous 2 Uptrend.
Nifty Daily Chart
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