Nifty ends with negative divergence in hourly.The daily oscillators are not indicating any clues. This recovery will end in a couple of days. We had indicated earlier this recovery may sustain to 5050 as high made 5077.25. Technically we considered this rise will fragile. Now bulls are in the momentum. Nifty closed above 5060 (61.8% of wave “a”) so this is not a Zigzag but still we consider this rise as wave “b” counter trend pullback.
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