Nifty Analysis for 19 May : Short Covering

Nifty 50 IndexNSE

Description

⋅ May 18, 2020 11:32 AM

Nifty Analysis for 19 May
short covering can be seen up to level 8924

reason-
1.ltp is at crucial support of 8831
2. rsi showing divergence indicating short covering
3. massive sell off on 18 may.Sellers will be little exhausted now.