Description
⋅ Nifty is currently trading (22032) in 5 of III wave.
Soon it will be followed by corrective wave IV.
On down side it have a 2 support zone from where it can reverse(21470 & 20950), which can mark the End of IV wave and starting of V wave.
As Nifty is rising continuously there is divergence in RSI.
This is my 2 Cents. It is for Educational purpose only. Not a Buy/sell Recommendation