Nifty 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
Nifty 50 Support exists at 10700 and resistance exists at 12000 mark.
As of now, we feel that Nifty is in bearish hands as the RSI diverges negatively against the price, which indicates danger for a reaction down. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend for the price as well.
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Nifty 50 Support exists at 10700 and resistance exists at 12000 mark.
As of now, we feel that Nifty is in bearish hands as the RSI diverges negatively against the price, which indicates danger for a reaction down. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend for the price as well.
You can get daily money making Nifty F&O Tips Here and make money on a daily basis.
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