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SudharsanG

NIFTY - RSI NEGATIVE DIVERGENCE

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
SudharsanG  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis NIFTY niftyanalysis Relative Strength Index (RSI) rsidivergence
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trendanalysis nifty niftyanalysis relativestrengthindex rsidivergence
Nifty again hits ATH today but the price slided afternoon.

1. In hourly chart, nifty clearly forms a negative divergence in RSI which is a negative sign.

2. It is travelling in a parallel channel, the price hits the top end of the channel and slided slightly.

considering those two factors, nifty might retouch 15600 levels, lets wait and see tomorrow.
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