PinakaTraders

CORRECTION COMING UP IN NIFTY?

Short
NSE:NIFTY   Nifty 50 Index
There is clear divergence seen on nifty daily timeframe, also marked nifty long time resistance in rsi, whenever rsi came to that level it took resistance and came down to retest lower support.
Also nifty has formed doji after the uptrend, if a red candle closes below the doji candle on next trading session we can expect a small correction.
All the analysis is purely based on the historical data available and do not jump to trade without confirmation, trade only after confirmation of trend as market can always trap.

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