Free Stock Tips click here >> Sensex reclaims 30000 in opening, Nifty inches towards 9350

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Nifty's movement was subdued last week amidst continuing signs of negative divergence with lower highs being formed on momentum indicators (RSI and MACD) vis-a-vis higher highs on price charts.

Given this negative divergence, he advises investors to maintain caution as a correction on the index is likely over the upcoming sessions towards 9,000.