Nifty is on the way to fill the gap?
The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to fall further to 20290 levels.
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#Nifty50 #Nifty
Let me know what you guys think about this. If this is helpful, please like this post. For more such updates, follow me. Cheers!!
#Nifty50 #Nifty
כתב ויתור
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