Nifty is in short term downtrend

Discussion in 'Traders Corner' started by Vidhi Khanna, Sep 3, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Stock Futures are at ATH indicating higher leveraged positions. Nifty is in short term downtrend, making lower tops & lower bottoms. It is below 20 & 50 day SMA. 14 week RSI oscillator too is in decline mode, suggesting scope for more downside in near term

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