LOOSING STRENGTH

Though Bulls are heading towards NS 4648 but the hourly charts are going in overbought state and showing negative divergence. Watch 14931 on sensex which needs to be surpassed. However trend is up as long as NF trades over 4515 for target 4561-4585 and strong resistance in zone 4602-4640 for this week. Any time trading below 4491-4483 will spoil the Bull's party.