Author compares current Nifty chart setup to past rallies in 2020, 2025, and 2023, expecting a 15-20% rally through Diwali based on RSI and moving average signals.
Unpriced research observations (excluded from Calls and Returns):
NIFTY — LONG Author observes Nifty's daily RSI is similar to March 2020, April 2025, and October 2023 setups, with the index at 200DEMA and 50WEMA in a golden crossover. He expects a 15-20% rally in coming months, potentially lasting until Diwali, and has taken F&O trades based on this view. The main risk is that past chart patterns may not repeat. Exact non-equity contract requires separate historical validation; no generic proxy.
Currently RSI on Daily timeframe is similar to we had back in march 2020, april 2025, Oct 2023. Also Nifty is at 200DEMA, 50WEMA, already in golden crossover. In all these time we have seen a good rally of 15-20% in market in following months.