Description
⋅ Nifty 50 has seen remarkable move since June 2022 from 15200 levels to 17700.
Currently it has reached at a price area
[17640-17780] , where it could struggle for a while.
Today's Price Action
1. Opens gap up, did not sustain, closes near its low.
2. Rsi is also overbought, though no sign of weakness.
We may see nifty going sideways for a while.
Immediate Support @ 17400 - 17200