can witness bearish divergence in nifty(5min and 15min) and bank nifty forming lower high format. If nifty also forms a lower high a good profit booking can be witnessed below the lower low format
an indecisive data on nifty. Important levels are marked on the chart. I cannot clearly take a directional view for tomorrow and I will be watching the market tomorrow.
Technically the downtrend line is breached; not a great closing but RSI bullish divergence on 15min is supporting this. From previous week onwards the selling momentum is there in the...
On Monday i updated that market has lost the buying momentum and FII's where never on the buying side aggressively and market may correct till 14700 (you can read on my ideas section). Tuesday and wednesday that happened.
Looking at the global markets and the local cues it looks like market is bearish for the short term. FIIs aggressively selling and...
Lupin made a lot of indecision candles in the daily time frame and last Friday it made a Doji
there is slight rsi divergence in the 1hr chart.
it broke a small triangle retested and trying to make a low below 1193.which is also very good support.
short below 1193 till 1182 book partial profits in between