SWFguy

Nifty: Is it a SELL at 10900 !

Short
NSE:NIFTY   Nifty 50 Index
WEDGE Formation after 14 weeks of constant Upmove (since Mar 23 bottom).

RSI falling.

Reliance the Flag bearer of the rally, has no more new news flow coming ( thats what I presume). Though it could find a bottom at 1900 and move to 2350.

Comments

hey,"Though it could find a bottom at 1900 and move to 2350" can you explain this I cannot see any of this numbers close to the point.
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