Nifty 50 IndexShort
Short Below 10610, Momentum slowing down
1) Monthly and weekly charts not clear. Mostly it shows indecision.
2) This time corrective dip did not get bought by big upmove.
3) Open Interest addition in 10700 Call for 11 Apr shows Traders sentiment for nifty below 10700 before 11 Apr
4) RSI divergence meaning momentum is slowing down.
5) If Monday does not close above 11759, It is one more sign of slowing down.
Trade Short below 11610
Sell 11700 call or 11800 call.
2) This time corrective dip did not get bought by big upmove.
3) Open Interest addition in 10700 Call for 11 Apr shows Traders sentiment for nifty below 10700 before 11 Apr
4) RSI divergence meaning momentum is slowing down.
5) If Monday does not close above 11759, It is one more sign of slowing down.
Trade Short below 11610
Sell 11700 call or 11800 call.
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