The ongoing negative divergence has been witnessed so far but the rebound from the expected support zone around 15520 has also been significant - Tradebulls
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/3268cf240a4233668c72e41d9653a2b4.jpg)
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Nifty
Effect of the ongoing negative divergence has been witnessed so far but the rebound from the expected support zone around 15520 has also been significant. Nifty is holding itself well within the thresholds of the pitchfork tools range .Long legged doji followed by a bullish hammer cling to the pitchfork is a sign of a likely continuation within the tools range. On the other hand both the indicators are showing signs of mild weakness. Due to diverging factors on the immediate scale, monthly expiry round the corner where volatility is expected to have an upper hand throughout the week. It is ideal to wait for an added confirmatory signal for ascertaining a weakening trend. Its ideal to be a level based trader & act accordingly during the week. Leverage trades should be avoided until firm signs are exhibited. On the higher side we expect the expiry to remain capped around 16040 while supports may shift lower in case a close occurs below 15430
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