Nifty closing 17321.9 is trend is not clear and if break 17270 then come to 16800-16750. if cross in upperside 17470 then come to the 17600-17750.
Reason.
1 --> Price is rejection for the high and come to down.
2 --> RSI is below 40 level and weekly RSI is 43.57.
3 --> Weekly Price Close below 20 EMA.
4 --> ADX daily Sideways to Bearish and Weekly ADX is Show Sideways.
Reason.
1 --> Price is rejection for the high and come to down.
2 --> RSI is below 40 level and weekly RSI is 43.57.
3 --> Weekly Price Close below 20 EMA.
4 --> ADX daily Sideways to Bearish and Weekly ADX is Show Sideways.