Near its 2 year old trend line. Can again make an attempt towards 53 but most likely to fall towards 45 as RSI shows overbought
But if closes above 53 and supported by volumes will march towards 60-62 and will be clear breakout
Nifty might see a mild correction of up to 10450 from current levels because-
1) There are multiple gaps between 10677-10630 and 10450-10490
2)Nifty crossed it 200 EMA @10525 levels in its second attempt 7 sessions ago. It has to come to at least 10500 to retest its 200 EMA
Signs of weakness-
1)Nifty might be going through a distribution phase rather than an...