Is maket over extended (NIFTY 50) ??

NSE:NIFTY   Nifty 50 Index
We have seen in the past, whenever the NIFTY has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections.

This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.