What can bring NIFTY back to positive zone tomorrow?
Two things can bring Nifty back to the Positive territory tomorrow:
1) RBI keeping the REPO rate unchanged in the meet tomorrow and don't turn hawkish.
2) Formation of positive divergence on hourly chart. (Which might have already started during the last hour of the day today).
Supports on the lower side are 17637, 17560 and 17440.
Resistances on the upper side are 17686 and 17796.
It is a nail biter tomorrow.
1) RBI keeping the REPO rate unchanged in the meet tomorrow and don't turn hawkish.
2) Formation of positive divergence on hourly chart. (Which might have already started during the last hour of the day today).
Supports on the lower side are 17637, 17560 and 17440.
Resistances on the upper side are 17686 and 17796.
It is a nail biter tomorrow.
Happy Candles Investment