Negative divergence is visible on RSI. Nifty has done 4 failed attempts to take out LTH. RSI is hovering in between 60-77. It has not fallen below 55 since the bottom around 16800. Fresh buying should be avoided until RSI makes new high. If RSI falls below 55 then wait for market to bottom out. 17800 is the worst case scenario at this moment. 18300-18400 is moderate scenario.
Disc : It's not an investment advise to buy or sell.
Disc : It's not an investment advise to buy or sell.
Trade closed: stop reached