Nifty Channel

1. Nifty finally broken the Hourly- channel.
2. It is above yesterday's high. If closes  above 7400, then further confirmation of trend change.
    7500 to 7620 resistance zone.

Nifty-Hourly - Channel breakout

Channel breakout again. Hourly MACD crossover & positive divergence.
Looks like downside over for the time, and counter wave started. Ist target 7550-7600 range.

Nifty - View

Nifty has not been able to cross the Pivot Highs even in a 30minute chart. The trend is down till it crosses and stays above 7620. Below is a Nifty future chart. Premium is Nil.

Nifty breaks out of the falling channel