NIFTY retracement done ??
NIFTY has retraced down to 61.8 % on Fib retracement and is on a rising window (gap). RSI is also forming a bullish divergence and inside a bearish channel, so a continuation to the upside at this point will seem prudent. Also, there is a chance that the trend might actually turn into a downtrend if the recent swing low gets broken since it has a lot of volume on the level. Intraday analysis being posted shortly !!
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