Tech View: Nifty enters overbought zone, no signs of weakness yet
“On multiple technical parameters, the index reached overbought levels from where a corrective downswing or a pause for a couple of sessions will be required. Hence, weakness in the index can be expected at a close below 17,154 level. In case, if the index sustains above 17,154, and makes an attempt to rally then the upswing can extend towards 17,500,” Mohammad said.
