Nifty 50 IndexShort
A correction on the cards
Updated
From 18th May -27th May Nifty had shown a negative RSI divergence on the hourly chart. But it did not work out and Nifty kept moving higher.
Once again there is negative RSI divergence on the hourly chart, it could correct this time.
Short Nifty at current level of 14750 or near 14800
Stoploss for this trade is hourly close above 15900
Target on the downside is 15200 which is the level of 20 DMA.
Once again there is negative RSI divergence on the hourly chart, it could correct this time.
Short Nifty at current level of 14750 or near 14800
Stoploss for this trade is hourly close above 15900
Target on the downside is 15200 which is the level of 20 DMA.
Trade active
Trail stoploss to 15800 on hourly closing basisTrade closed manually
Trade not working out as momentum on downside is missing
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