Nifty Diverging!

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The candle formed in NIFTY today is a Divergent Candle. This means that after a dip toward support tomorrow, a bullish move can be expected.

The move tomorrow will decide the minor trend of Nifty for the entire week.

For Nifty, immediate support is exactly at 25080 and 25000. If the dip gets bought at support and we get a strong closing, then we can aim for a target of 25500. However, resistance is still at 25214.

Bullish momentum continues in BANKNIFTY . Support is at 56575 and the target is 58100.

There is some activity visible in the #Fertilizer and #Railway sectors. Keep a close watch. Along with that, the CNXIT sector is also getting ready. Have a look at WIPRO

Also watch stocks like RCF , RVNL , and IREDA can give good moves in the coming days.

That’s all for today.

Trade carefully. Don’t forget to keep your Stop-Loss.

Have a profitable week ahead.

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