Nifty Daily Chart: Nifty showed some signs of sluggishness on Friday. I have drawn what might look like in nifty in the days to come. I feel Nifty will move a little down or sideways to burn off the over bought situation felt in RSI and resume back the rally. Ideal price range would be 5750~5650. MACD too have shown some sluggishness, however it has not turned negative. We will keep you posted on daily moves regularly.
Click below to read the article. http://www.dalaltimes.com/ article/market/top-5-reasons- why-i-say-niftys-correction- is-far-from-over-120742.aspx Praveen Pathiyil
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