partho550

NIFTY previous low broken

NSE:NIFTY   Nifty 50 Index
Nifty broke its previous low for the first time since the last 6 months with the formation of double top pattern, also bearish RSI divergence has formed at the top which is a sign of big breakdown but not necessarily it can fall big. Also RSI tried to cross 60 twice.If rsi crosses 40 then nifty might show a big downfall in the coming days. strong support at around 10300. if 10300 breaks then nifty might come down to around 9600. please check your analysis before trading.
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