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sptutusukanta

Looks like Nifty is set for a reverse

Short
Indice NIFTY 50 (NSE:NIFTY)  
sptutusukanta  
NSE:NIFTY   Indice NIFTY 50
Trend Analysis Chart Patterns Technical Indicators trendreversalpattern
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trendanalysis chartpattern indicator trendreversalpattern
Checking through the 1H chart, it is clear that the price is increasing but the momentum in RSI is decreasing, which indicates that the momentum of NIFTY is decreasing to anymore upside. It may go up a little, but my call would be to find short positions at this time.
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