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Trading Nifty using RSI Edge

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As mentioned in last analysis the index closed below 10450. The next resistance zone at 10450. A move above these levels will push Nifty to 10600 levels. RSI is inching higher to 60 levels, these levels may act as resistance in bearish trends. Prices at 10600 and RSI 60 has to be watched.

A close above 10450 will take Nifty to 10600. While weakness will be below 10330 levels only.

Bharat Jhunjhunwala MFTA, CMT, CFTe, MSTA

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