Near term to Short Term Negative Divergences
NIFTY MICRO CAP 250. at critical point Currently 18900 is critical by the end of the week it has been tested fall and close today or by end of the week can extend the correction to 16814 cmp-19097 Daily chart RSI nearing oversold Dynamic Trend and Lagging Trend currently down therefore support is under pressure. hourly chart of NIFTY MICROCAP 250 in oversold NIFTY MICROCAP 250 morning high crossed on closing time then could be pullback resuming for micro-cap. under performance seen in micro-cap. small cap market RS dropped sharply. if the recovery has to happen then now in 1-2 days for scap NIFTY TOTAL MARKET INDEX pattern on hourly not encouraging could be bearish breakdown. recovery from low seen in NIFTY TOTAL MARKET INDEX. RISING WEDGE A BEARISH PATTERN only pullback surely objective is to book profits apart from intra-day trading of up and down or 1-2 day trading of up and down Negative Divergence also well in place for NIFTY TOTAL MARKET INDEX