When was the last time Nifty closed negative? … 🤔 last year

10 days done now for the bulls as benchmark Nifty50 posts a series of positive daily closes. For two consecutive days we’ve seen the index bounce back from intra-day weakness with momentum hitting back to a new life high. Our red rising channel on the 75min chart is intact, but there are signs of negative price-momentum divergence. Yes, they have failed miserably throughout this rally, but they’ll tend to work and reverse the trend exactly when you will discount it & neglect. Just like the way we value people more when they leave us and go, either physically or mentally. With that emotional note, let’s continue to stay strategically positive on the market.


Trade Well. Trade Wise.