Current price action of nifty shows it is in the resistance zone 9235 - 9250. Close above the resistance will help nifty to move upside towards 9300. If the price cant able to cross the resistance, price will move towards the supports 9170, 9160 and 9130. Breaking all these supports will make the price to be under the grip of bears. For few days RSI is unable to cross 60 and getting bounced downside when it touches RSI 60. These factors shows nifty is weak and will turn towards the supports.
Commento:
Nifty started to fall touching my resistance line.
Commento:
Range bound as I expected.
