Nifty is taking support at momentum! Will it hold?

14 nov 2019

NIFTY: The index managed to pull up during the last hour of today’s trading session. Prices now resting at a crucial juncture (gap area) MACD is above zero line indicating trends is still positive, where as RSI bounced in 60 levels – which reaffirms the overall trend. On the lower timeframe Nifty has to prove it’s bullish worth, failing to do so may drag the index down again. We can see that the KS has almost turned flat while TS has started to turn down.