As per the analysis , NIFTY 50 is creating RSI DIVERGENCE , which clearly indicates that the market is going to fall in coming days. And here we have a clear sign of fall. SHORT NIFTY as it falls to 15800 with the target of 15300 or 200 ema on daily chart. Acc. to past data , the market has reacted strongly towards Divergence and has 99% respected the 200 EMA of...
NIFTY 50 has been taking support continuously on 50EMA.
Whenever 50EMA is broken, 200EMA works as SUPER SUPPORT.
NIFTY has already taken support on 200EMA yesterday,
& today it has bounced somewhat.
The market scenario for NIFTY 50 is presently suggesting BUY.
YOU CAN GO LONG ON NIFTY 50
Nifty has taken 50EMA SUPPORT and RSI 40 SUPPORT on the hourly chart
as we know the hourly chart is powerful to show us the direction
Mostly the market will be positive today
This case has happened earlier also ,
From there it bounced back, so mostly it'll bounce again.
