Nifty50 - RSI signals a pull back

NSE:NIFTY   Nifty 50 Index
The index has breached the rising trend line , still bears to be patient and see another daily close below 8894 (100% Fib) before shorting.

RSI has breached the channel formation on the downside, which suggests increased odds of a pull back in the index.

Support at 8700 could be put to test in case the index stays below 8894 on Monday.
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