NIFTY trading ideas

13 мая 2022 г.

NIFTY 50 resistance 16400 strong and I expect 15K in coming weeks inflation still exist feds gonna hike rates in next 2 meeting and I see weekly RSI gonna coming down in oversold zone it's need to call more RSI resist and says it'll come more down. If 16400 breaks upside it may touch 16800 or higher but still there will be pressure cause index making big waves but overall trend negative it needs more long time to make bottom. Thank you.