Wednesday 7 August 2013

Technical view by Nooresh

Technical view by Nooresh

Nifty – Oversold – Relative Strength Index back to 4500/4800/5500 bottom levels

Posted: 07 Aug 2013 02:08 AM PDT

    Nifty Technical View Its been a very surprising time period in terms of how quickly Nifty is shuttling from overbought to oversold. As of yesterday Nifty has touched oversold levels on RSI similar to previous bottoms. Although Nifty broke recent bottoms of 5580 there was not much of panic selling in index weights. […]
Related posts:
  1. Nifty at 5700 very close to oversold RSI levels of 4500/4800 and 5500
  2. Nifty – RSI touched 4800/4500 levels.
  3. Nifty at 4500-4800 ! Sensex at 16000

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