Nifty is making higher highs but indicators like RSI, MACD, Stochastic are making lower highs. Apart from that the rising channel support line is broken and is now working as a resistance. Now 17950 stands as a huge resistance. From here within next one or two sessions Nifty will start a moderate correction. Disclaimer: It is just a personal view.
注释
Nifty is showing exhaustion. For this time RSI (67.46) seems not to cross 70.注释
Long should be avoided for the remaining two daily sessions of this week.
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