Nifty RSI Showing Divergence !!
- from past 4 Trading sessions market opening in Huge GAP UP , However it's not a good sign at higher levels
- Nifty forming candle like Bearish marubozu and their body is covered over entire yesterday's trading session which is indicating possible trend reversal may occur
- RSI Showing divergence
NIFTY forming Higher Highs and Higher Lows
where as RSI showing that Lower Highs and Lower Lows
- Currently RSI is in OVERBOUGHT Zone
- F&O data showing that FII's and Proprietors were Bearish on market
- Brent crude oil is rising it is at 3 Y
- 10Y bond is rising which is currently at 1Y high
-10 Y bond is rising means investors are turning towards safer investments due to concern about rising Inflation
- However RBI didn't talked about rising in commodity prices and how they will impact on economy
- off course economy is rising than expected but there's concern about inflation recently CPI data of US showing that inflation is raising
- Nifty forming candle like Bearish marubozu and their body is covered over entire yesterday's trading session which is indicating possible trend reversal may occur
- RSI Showing divergence
NIFTY forming Higher Highs and Higher Lows
where as RSI showing that Lower Highs and Lower Lows
- Currently RSI is in OVERBOUGHT Zone
- F&O data showing that FII's and Proprietors were Bearish on market
- Brent crude oil is rising it is at 3 Y
- 10Y bond is rising which is currently at 1Y high
-10 Y bond is rising means investors are turning towards safer investments due to concern about rising Inflation
- However RBI didn't talked about rising in commodity prices and how they will impact on economy
- off course economy is rising than expected but there's concern about inflation recently CPI data of US showing that inflation is raising
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