Anand Rathi analyst sees bullish divergence in Nifty
In short
An Anand Rathi analyst said the Nifty is trying to build a firm base, and the price and RSI pattern may be turning more positive.
The report suggests the market could be getting stronger, but it gives no date, level, or target. It is still not clear whether the move will continue.
What the reporting says
An Anand Rathi Share and Stock Brokers technical analyst said the Nifty index is trying to build a durable base, and that the price-RSI setup points to a possible bullish divergence. The source does not give a date, level or target. The immediate implication is a more constructive near-term view on the index, but the reporting does not confirm a breakout or any trading trigger.
Why it matters
An Anand Rathi Share and Stock Brokers technical research analyst, Jigar S. Patel, said the Nifty index is trying to form a durable base and may be showing a bullish divergence. The report is a technical market read, not a confirmed trade call, and it does not state any index level, timeframe or trigger. The significance is limited to sentiment around the Nifty and broader Indian equity markets.