NIFTY IN SELLING MOOD: NEGATIVE
DIVERSION IN LOWER INDICATORS
The
NSE Nifty spot is closed at 5592 with higher selling pressure in banking
and finance sector after RBI credit
policy. Policy was unchanged, hence banking stocks were faced huge selling
pressure. Let us we move towards to techniacl views, all technical major lower
indicators are still showing negative trend with negative diversion. This is
still showing bearish trend as per technical lower indiators. In previous
report, we were proved wrong due to unexpected policy. Stochastic is heading at
19 which is expected to reach nearer to 5 level. Here, more selling pressure
will be seen in this index.
Happy
Trading !!
Megha
Investments & Research Team
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