Nifty Auto: Be Vigil !
➡️ Nifty Auto: At multiyear resistance !Monthly and Weekly divergent; daily made first strong bearish candle at ATH BO
➡️ M&M and Maruti contribute ~40% to NiftyAuto index.
➡️ M&M: Big negative daily candle with Future price lower than Spot price; daily goes divergent, weekly and monthly strength remains; if not short, book profit;...
Nifty USD:
#WeekendRead Something interesting
Why the DXY matters ! This is Nifty USD chart.
If you see this one, there is clear breakdown of 21-Monthly EMA on Nifty USD monthly chart, whereas when you compare this with Nifty INR chart we are still trading above 21-MEMA.
Means until DXY settles we keep getting weak for FIIs and that money won’t come in big;...
