Indice Nifty 50Long
The Nifty is bouncing back from an oversold condition
The Nifty RSI went to 28 and is now back above 30, out of the oversold region. The five-wave fall ended, and we started a bounce or rally. The next major resistance is near 24537, near the wave IV high. Lastly, the 20dma was a spoiler for the last bounce attempt and is placed at 24031. If that cannot do it, the bears will cover everything.
The Truth About The Markets
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