Nifty managed to make a lower low today, but the RSI indicator made a higher low, resulting in a positive divergence on the chart. Now, we are witnessing an intraday recovery from there. The proprietary RMI indicator remained in buy mode throughout this time [find it on https://web.strike.money]. The recent low found support on the lower Bollinger band but also a 61.8% retracement of the previous advance. Let us see if markets manage to close positive today after four consecutive days of decline.
The Truth About The Markets