NIFTY: Approaching Channel Support

NSE:NIFTY   Nifty 50 Index
The recent down turn for the Nifty index has lead to a reversal in the underlying trend and also shift of momentum towards selling. Simple channels drawn using the RSI indicator clearly shows that the index if it dips further down will see a retest of 11,400 -11,450. Nifty traders should look for swing short opportunities in the index.


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