NIFTY (Intraday) : 29 April 2025 - RSI divergence is turning crucial now. If Nifty breaks 24200, then it can result fall.
Hello everyone,
- There are too many RSI divergences on several time frames, as I mentioned yesterday. The charts for 15 minutes are shown above. This discrepancy results from several gaps that have opened but have not been filled. This could become serious at any time.
- This divergence typically becomes active when the trend shifts. Otherwise, it usually has a slow impact. According to the chart, it might take action if the Nifty breaks the 24200 levels at any point today.
- So far trades fail to sustain above 24400 which might be an indication for trap but it is too early to say.
- The way I am seeing, I can say Reliance is playing a crucial role right now. Do not forget that rise is Reliance may be an indication for lower risk on fresh money.
- As FPI money flow is very strong so I am not very intended to short this market but equally, not ready to buy either from higher levels
Up coming two days are going to be very crucial. It is a strong fact that if Nifty sustain above 24400 then rally can extend up to 25000 also. We are on make or break levels right now.
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