Historically whenever VIX has been low as marked by the level shown in the chart, BankNifty has gone for a correction. Will history repeat itself?
Nifty showing Bearish divergence wrt RSI as well as MACD on Weekly timeframe. On Medium term this may signify a bigger correction incoming. Nifty remains a buy in short term.
BUllish divergence on Nifty w.r.t RSI and MACD. Double divergence gives strength to it. Short term bullish reversal can play out here.
Nifty divergence signalling possible change of direction.
