Nifty: as it stands out now
Very Interesting:
in 30m chart, it seems this is the 4th time Nifty is testing 17125 level.
Typically it is told: the more price hits a level - the intensity of the level to provide support/resistance is reduced.
However can not see any divergence. Rather the price uplift to correct the yesterday's RSI +ve divergence is over. And price is negotiating 17125.
I am guessing Nifty may correct upto 17000-16975 (GZ in the Fib). Then lets see.
in 30m chart, it seems this is the 4th time Nifty is testing 17125 level.
Typically it is told: the more price hits a level - the intensity of the level to provide support/resistance is reduced.
However can not see any divergence. Rather the price uplift to correct the yesterday's RSI +ve divergence is over. And price is negotiating 17125.
I am guessing Nifty may correct upto 17000-16975 (GZ in the Fib). Then lets see.
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