-Nifty has been in overdrive mode and has risen over 6% in little over two weeks. A swing low is overdue. -Steep rising wedge pattern on Nifty's 75 min chart. -Index has failed to cross the resistance zone and has formed a double top pattern. -5 point bearish divergence on RSI. -6 point bearish divergence on Stochastic. -5 point bearish divergence on MACD. -Nifty could take a breather soon and fall to 10450-480 levels.
This is not a trading advice. Do your own due diligence.