Avoid bottom fishing

NSE:CNXIT   Nifty IT Index
Index has broken trendline support. RSI negative divergence resulted in correction. RSI has broken recent low. Price has yet to confirm . Trend is still bearish. Bottom fishing should be avoided. Index can touch 25000. Minor pull back towards 29200-29500 can happen. Trend change will take place only on close abv 30500.

Disc : It's not an investment advise to buy or sell/


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