Nifty seems to be correcting upward and might make one more low giving RSI divergence. A similar move can be expected in BankNifty as shown in the link below.
Note
Note
Till Nifty is moving up in a channel, the possibility of a downmove remains. One can short from a fib level or below the lower trendline.Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.