Is Nifty ready for a minor correction?
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Nifty has shown some correction on weekly basis everytime the RSI crosses 75. It didn't follow this only in 2014. Currently the RSI has crossed 75 for a second time in the gap of few weeks. A small correction of around 500 points is likely.
Note
Nifty closed 400 points lower in the week after this post. Still I feel there is room for another correction.
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