Tue. Jul 16th, 2024

    it seems like that time has for Nifty to correct from 16000 levels, Nifty is trying 5th time to cross 15950 levels but unable to do so. If you look at Relative Strength Index (RSI) then it looks it clearly showing weakness in this up move, Strength is clearly legging with every single up move in nifty which itself is a sign of caution for this


    RSI Negative Divergence we can see on Nifty 50 Daily Chart which is not supported up side in Nifty. If the down move starts then first target can be seen 15400 and then 15200 from current levels

    Plan your trade accordingly and Avoid being long until it crosses 16000 levels and sustains

    Please Find Attached the Daily Chart of NIFTY 50 below for your reference

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