Nifty could be very close to the end of the current rally.

Nifty 50 IndexNSE

Description

⋅ Jul 12, 2023 11:34 AM

Points to note:

1. Bearish RSI divergence on the NIFTY daily chart.
2. Bearish engulfing formed.
3. Above average bearish volume.

Consolidation or reversal possible. Avoid fresh longs.

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