Nifty 50 in the weekly chart shows RSI divergence predicting a fall. With the equity bubble in place and most Nifty 50 companies missing estimates in the Q1 results we can expect a major correction in the coming weeks (August & September). Analyze carefully before making major investments in the share market. Good Q2 results can start the next rally in nifty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.