The Good Bad and Ugly weekly review : 18 Nov 2022

November 19, 2022 1 min read

Markets struggled to continue the momentum with some resistance coming in around 18450 levels. Nifty made a couple of attempts (marked in red) to surpass the trendline but failed to sustain. The current move however seems quite strong and another bout of demand can lift the markets to fresh all time high. While Nifty made a higher high, RSI has issued a negative divergence indicating drying demand. Once All Time is cleared out, we may see a very strong rally on the upside.

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    The Good Bad and Ugly weekly review : 18 Nov 2022