Nifty as described by us earlier has been range-bound. Stay cautious on the long moves for bulls . Soon there is going to be a big fall of around 900 points at least.
since feb, 2020 hightened volatility is restricting sound sizable positional trades. Before carrying any such positional bets please check your risk appetite and size of capital. In certain given situations not trading is best thing to do in the markets. CAPITAL PRESERVATION IS ALWAYS PARAMOUNT. SOME TIMES EVEN BEYOND TRADING.
Bajaj auto at near support 3062-64
can give upmove if reversal is seen.
Do not short from here.Until any othe breakout.
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In the hourly charts of Bharat Financial Inclusion a Negative RSI Divergance is forming which indicates stock price may fall...
Here, Price making higher high where as, RSI making Lower Low formation...
CMP 803.8
RSI 58
Be cautious.....
Note: Do Your own study before making any position...
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