Critical view on Nifty !!!!
Nifty will gap down around 16250-16300 taking clues from SGX nifty, and I think
it could take support at previous range shown on chart.
I would suggest to wait till it breaks the range on any side to go long or short.
Also there is strong support of RSI @28.
it could take support at previous range shown on chart.
I would suggest to wait till it breaks the range on any side to go long or short.
Also there is strong support of RSI @28.
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