NIFTY today closed near it's daily support at 11575 (support is at 11550).
With Bank NIfty closing below the daily support, we have both the indices standing it opposite direction.
If tomorrow NIFTY spot is unable the low of today (April 23, 2019), then we can expect a good retracement.
The RSI in 30 min and 60 min timeframe also shows positive divergence, thus providing support to upmove if it is triggered tomorrow.
With Bank NIfty closing below the daily support, we have both the indices standing it opposite direction.
If tomorrow NIFTY spot is unable the low of today (April 23, 2019), then we can expect a good retracement.
The RSI in 30 min and 60 min timeframe also shows positive divergence, thus providing support to upmove if it is triggered tomorrow.
