Nifty 50 IndexShort
NIfty50 Anylisis For 29 Dec
In the chart, you can see there is a RIS Divergence marked by trendlines also Nifty has tested and rejected the 100EMA
This signals Downtrend
Moreover, there is a hammer candlestick which conforms Strong Down move
After Breaking the 50EMA there could be a move till 18,000
This signals Downtrend
Moreover, there is a hammer candlestick which conforms Strong Down move
After Breaking the 50EMA there could be a move till 18,000
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