NSE:NIFTY   Nifty 50 Index
If 10,094 (previous swing low) is held on Monday, we can expect the RSI divergence to play out and Nifty might run back up to 10,220 and upwards.
It is all dependent on the fact that we hold above 10,094, if breached then we can expect further downfall.
(Not a recommendation of any sort, just sharing my thoughts)
Happy Trading!
CORRECTION: The previous swing low was 10,095.35 not 10,094. As off 04/12/2017 10:13 the low for the day is 10,096.30. So I expect Nifty to get back to 10,200 levels.
Nice ,Good observation.
+1 Reply
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