Based on my analysis, the Nifty 50 is showing RSI divergence, indicating a potential price retracement. Here are two possible scenarios:
If we see a gap-up or gap-down opening, it's crucial to wait for at least 30 minutes to allow the market to establish a range before making any moves.
Given that tomorrow is Bank Nifty expiry, we could see increased volatility, so manage risk accordingly.
Stay cautious, especially around key support and resistance levels."
This version is more polished and focuses on key insights clearly.
