sirlaxmanagarwal
Short

RSI Divergence not good!!!!!

NSE:NIFTY   Nifty 50 Index
Whenever wee saw RSI divergence on monthly charts,it was followed by a massive sell off!!

And the markets corrected around 25% everytime from highs in the span of 11-12 months except 2008 crisis..

Its not a prediction,Its a possibility. ..

May be we will see a correction till 8900/9000 in next one year..
The earlier divergences were different as they got formed in a much shorter span of time. This time it has taken 9 months. The large caps have held well while mid-small caps bled.. there could certainly be a decline on all indices from here but i am not sure if it will last 12 months without any major macro issues.
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sirlaxmanagarwal jangra.keshav
@jangra.keshav, May be you are right sir. Still i think market should correct to match valuations.. Also for the past few years,USDINR is negatively correlated with markets,so i feel if Rupee depreciates,it will trigger more selling pressure..
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