Nifty 50 IndexLong
Nifty trading idea
Nifty has been forming higher top , higher bottom since dec2016. Till this formation remains intact we should continue to believe we are in uptrend. Also there was no sign of topping in any of the indicators at the high of 9706. The decline from 9706 also appears corrective. Going by trend line and RSI, nifty likely to find support at 9550-9530 and move higher. target 9800.
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