Nifty Bullish Divergence,go long with 10950 as immediate support
A clear Bullish divergence can be seen on RSI in Nifty Index here today. The RSI is HIGH whereas the CMP or Close on Nifty is much lower from where the red arrow starts. The RSI has crossed the RED broken line. Can long Nifty with immediate support of 10950 ish zone where the monthly and weekly pivot are there.
Watch the red arrow on the price chart and the red broken line on the RSI.
Watch the red arrow on the price chart and the red broken line on the RSI.
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The magic of bullish divergence guys!!!