Nifty - Crucial Levels

Even though Nifty has started trading out of the wedge, RSI is still inside the range and there is a huge possibility that it reverses. Shrinkage in Day Candles size can be seen, which is suggesting that in the coming days there will be a huge move.

The P/E ratio (at 10760) is almost near to the P/E at Nifty Life High (12430).
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