Lets get on the back seat for a while , shall we!!
Nifty given correction today due to US-Syria conflicts and weekly profit booking.
Technically nifty can initiate a sell off till 9050 - 8990 level due to RSI divergence as shown in the image.
As this divergence is in daily chart , I am not expecting a sharp decline but correction to touch a base level of 9050-8950 and wait for the broader picture to emerge.
Only above 9275 market will continue its bull run further.
Only time will tell
Market to subject to risk
Nifty given correction today due to US-Syria conflicts and weekly profit booking.
Technically nifty can initiate a sell off till 9050 - 8990 level due to RSI divergence as shown in the image.
As this divergence is in daily chart , I am not expecting a sharp decline but correction to touch a base level of 9050-8950 and wait for the broader picture to emerge.
Only above 9275 market will continue its bull run further.
Only time will tell
Market to subject to risk
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