Short

Widely used indicators

Par Upen1973

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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.

Note

Nifty is showing exhaustion. For this time RSI (67.46) seems not to cross 70.

Note

Long should be avoided for the remaining two daily sessions of this week.

Upen1973

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