We have seen in the past, whenever the nifty has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
yes correction will be in coming week but it is sharp & swift,do not remain short on positional basis,as there are more chances of achieving fib target of 14177 in next 15/20days.