Hourly chart showed a divergence on 16 april where Indicator MACD made a higher low and Nifty made lower low.
The cut in the Repo and reverse repo boosted the market sentiments.
However market was volatile today even after repo rate news and close above the high of the day and above the resistance of trendline as well!!!
Market can continue the upper side movement with a resistance at 5320-380 and 5440!!!
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