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Showing posts from May, 2021

MARKET OUTLOOK FOR NEXT WEEK

NIFTY is looking quite stronger then BANK NIFTY monthly RSI of NIFTY is above 60 (68.96) and if you see monthly RSI of BANK NIFTY is below 60 (58.35) so with this you can see indices are showing divergence. so you can see stock specific movements in next week. see with my perspective i am seeing that nifty is forming double top bottom pattern on daily chart so be cautious in coming weeks. and same bank nifty is forming a kind of head and shoulder pattern on daily chart, i am not sure about patterns it's just my view regarding indices. trade cautiously keep your stop loss tight and be active. trade when you get opportunity. thank you for reading.