Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.09. 2021                     NIFTY SPOT :17369.60                    

 

Hi Readers

Nifty did not move anywhere and stayed in the range with RI above 81.

A rare phenomenon that above 81 RSI Nifty is staying at higher levels.

Now What:-

Till now we were of the view to stay on side lines and wait for the movement of Nifty.

But now Nifty has stated showing fatigue, Now, I will be look for selling Nifty with the stop loss of 17468 closing basis.

Because the RSI above 81 and fatigue on shorter time frame charts are visible.

Trade Accordingly.