Tag Archives: Momentum

Nifty Futures Analysis -19Apr2024

Nifty50 index has been losing momentum (CCI indicator), along with falling price, and the momentum has not completed its correction, and an upmove is not there yet. Prices can remain weak and keep correcting till the momentum (CCI indicator) starts recovering and shows an upmove. Despite a strong green day, the momentum (CCI indicator) went lower, so there is more work to be done on the market internals before next upmove can start.