UnknownUnicorn4260559

Nifty : Negative Divergence

Short
NSE:NIFTY   Nifty 50 Index
What a clear cut negative divergence is being reflected on 15,30,45 and 60 minutes RSI (14). Profit booking is likely and it should be steep to make you doubt on the strength of rally. 11170 should be the level to see in coming 8-10 sessions. Premium of 11300 and 11400 put is too low which suggests market has completely written off downside possibility




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