INTERMARKET DIVERGENCE NIFTY & NIFTY METAL Long

Nifty Metal IndexNSE

Description

⋅ Jan 31, 2023 8:02 AM

While NSE:NIFTY has made new low as compared to Dec 22.
NSE:CNXMETAL Index has not broken the Dec 22 lows.
This Inter Market Divergence again signalling strength in Broad Market stocks.
Historically it leads to Bullish trend reversal.