Nifty false breakout above 11900.

As from 2003 onward, all lifetime highs have been crossed with nifty RSI being in range of 73-80 and such strength is showcased for atleast a week , in order for nifty to cross 12000 RSI needs to go above 75 while it is still 65 and looks weak, fundamentals are below average, rural consumption slowdown, Auto slowdown, Lending slowdown, NBFC stricer regulation, oil supply disruptions looming, trade war threats, untill the RSI touches 75-80 short term trend is negative with support at 11500
juneNIFTYshortniftyTrend Analysis

Pernyataan Penyangkalan