Nifty ending diagonal with divergences on monthly charts.

We might be in for a big crash as there are clear divergences in Nifty monthly charts (similar to pre-covid levels). Now whether that happens or no, only time will tell. Net inflow from DII's is still positive but FII's are net sellers for the past few months. This in the middle of 2 wars happening around the globe. If selling intensifies, we might see Nifty in the range of 16k-16.5k over the next couple of months alone. Overall the signs are not good. So its better to be safe at the moment and take profits off the table.

تعليق:

Nifty has given a clean breakout so the idea is invalidated. We are in a strong uptrend.