Trading Nifty with RSI Edge Analysis
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There is no change in the view for Nifty. The resistance at 10590 is still intact. As mentioned in the last post Nifty is in buy zone of the Bollinger Bands.
Nifty is expected to move higher, though the momentum is not picking up as it should have. More evidence is required to tag this move as uptrend revival. Weakness will fall in place below 10300 levels.
Bharat Jhunjhunwala MFTA, CMT, CFTe, MSTA