NSE:NIFTY   Nifty 50 Index
NIFTY is currently trading at 13325. It has been bullish for a very long time now & a correction is due. The RSI is 75 which is near to the overbought zone. NIFTY is following the short term trendline and as it moves upwards the rally is getting exhausted. When NIFTY breaks down the short term trendline we can see a correction. No one knows how deep the correction will be, but NIFTY will surely take support on the long term trendline if it corrects to that point. There can be good investment options once NIFTY corrects.


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.