Anmolshukla

Nifty correction possible in the soon future

Short
NSE:NIFTY   Nifty 50 Index
1. Bearish RSI Divergence spotted on daily time frame as well as hourly time frame.
2. Strong Resistance at 15,500 level, might reverse.
3. Falling ADX signifies a weak move up, suggesting reversal.
4. Correction might last till 15,000 or 14,700 levels.
Comment: **Further upside move is only and only possible if 15,500 level is broken with STRONG Momentum which is highly unlikely.
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