Nifty 30 Dec'20: Bond … Nifty Bond

Dec 30, 2020

Benchmark Nifty is in a “never say die” attitude as the index bounces back from the intra-day low of 13,870 in today’s session to post the sixth consecutive positive daily session. As mentioned yesterday, the index is still very much within the rising channel in the 75min chart with 14,000 as the immediate but-obvious target. Intermediate price-momentum divergences are shaping up, but we’ve seen enough of these getting clobbered over the past few weeks. Strategically stay cautious and enjoy the end of 2020.

Trade Well. Trade Wise.