Nifty50 was expected to continue with its bearish momentum but no further escalation in Sino-.U.S tariff war managed to provide cushion to falling prices. the index opened on a positive note above 11,150 levels and witnessed some selling pressure but bounced back after sensing support from 11,100 levels and continued to remain in positive trajectory to a high of 11,230 levels. Out of 2126 stocks, 875 stocks are advanced, 834 are trading in red and 417 are unchanged. • On hourly scale, the index has formed a ‘Bullish Divergence’ in which the counter forms a low, bounce back and traces a new bottom while oscillators followed different pattern. • The index has breached 20 hours Exponential Moving Average.