Nifty ready for pull back

NSE:NIFTY   Nifty 50 Index
240 0
Some pull back can be seen on Nifty as it bounced back from trendline which started from 6825 levels on Feb-2016.

Bulls have defended 50% retracement 4 times in last few days..

Most oscillators showing Nifty in oversold position..

RSI divergence seen in hourly charts..

Pull back expected.. Target 11171..
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