NIFTY does not have any local triggers and direction is based on global cues. Nifty pull back from yesterday which came from the medium-term resistance level has set the trend to be down. It is expected to be range-bound or down subject to news flow till 2nd June. A weekly close below 9250 will push nifty towards 8500.
Stoch RSI is trending with BUY signal and today it's closed at a very crucial point which will be tested tomorrow.
Critical point: 71.06 open above it will take it to 71.26.
Stop loss: 70.84
