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Nifty50 - Rising trend line could be breached, RSI is overbought

Nifty 50 Index (NSE:NIFTY)  
TipTVFinance  
NSE:NIFTY   Nifty 50 Index
nifty50
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nifty50
Failure to hold above 8894 (100% Fib expansion) if followed by a daily close below the rising trend line amid overbought RSI would suggest the 50-share index has topped out at least for the short-term and could test 8700 levels.

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