Mentorship InstaView 12 Aug’21: Back to a New High

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Nifty View: Benchmark Nifty index shows momentum in today’s session to break beyond the recent consolidation and post a new life high. An up move of 75% or 0.46% sets in fresh momentum and positive sentiment amongst the “Bulls”. Yes, price-momentum divergences do still exist in the intraday charts, but, so far, such a divergence has proven to be more of a consolidation than correction. Stay with the UP trend and maintain a bullish bias. It’s time we see some participation from SBIN.

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