Nifty - The correction is not ove yet.
On January 15 (friday) Nifty closed in negative by more than 160 points.
It even made a low of 240 points more but recovered by 80 points to close at 14434 (spot prices).
The correction is not over yet.
There is a definite bearish RSI divergence in hourly bars as well as a breakdown in the 1-hour chart frame.
The nearest support is at 14200, which I think won't hold and we will see Nifty near 200 EMA (around 13800-13900) soon.
Only around 13800-13900, we will get the clarity if the correction is done and Nifty will restart the bullish streak.
It even made a low of 240 points more but recovered by 80 points to close at 14434 (spot prices).
The correction is not over yet.
There is a definite bearish RSI divergence in hourly bars as well as a breakdown in the 1-hour chart frame.
The nearest support is at 14200, which I think won't hold and we will see Nifty near 200 EMA (around 13800-13900) soon.
Only around 13800-13900, we will get the clarity if the correction is done and Nifty will restart the bullish streak.
交易結束：達到停損點
Nifty took support at first support of 14200 and then hit the trailing SL.
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