Nifty - The correction is not ove yet.
On January 15 (friday) Nifty closed in negative by more than 160 points.
It even made a low of 240 points more but recovered by 80 points to close at 14434 (spot prices).
The correction is not over yet.
There is a definite bearish RSI divergence in hourly bars as well as a breakdown in the 1-hour chart frame.
The nearest support is at 14200, which I think won't hold and we will see Nifty near 200 EMA (around 13800-13900) soon.
Only around 13800-13900, we will get the clarity if the correction is done and Nifty will restart the bullish streak.
It even made a low of 240 points more but recovered by 80 points to close at 14434 (spot prices).
The correction is not over yet.
There is a definite bearish RSI divergence in hourly bars as well as a breakdown in the 1-hour chart frame.
The nearest support is at 14200, which I think won't hold and we will see Nifty near 200 EMA (around 13800-13900) soon.
Only around 13800-13900, we will get the clarity if the correction is done and Nifty will restart the bullish streak.
Dagangan ditutup: hentian tercapai
Nifty took support at first support of 14200 and then hit the trailing SL.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.