๐ดNifty divergence from 50 WMA is 12%. Too good to believe.
๐ดHistory tells 12-15% divergence has lead to 8-15% correction.
๐ดRSI(Q)=80.2, RSI(M)=79.5, RSI(2W)=78.7. ADX(W) cooling off.
๐ดIts high time for Nifty to come back to 50 WMA for little rest.
๐ดMay remain bullish/sideways till budget & result season ends.
๐ดVery important to hedge the portfolio with puts basis BETA.