Nifty opened gap down, followed by initial follow-up to the downside in the first 15 minutes.
RSI at weekly is turning flat at 60 levels.
Inside candle was made in yesterday session. No new high was made in yesterday's session and closed near the high of previous bullish candle.
We can expect nifty to consolidate within the range of the previous candle i.e. 8672- 8606 and if broke below the range , then expect some reaction to 8556 and 8489 levels.
RSI at weekly is turning flat at 60 levels.
Inside candle was made in yesterday session. No new high was made in yesterday's session and closed near the high of previous bullish candle.
We can expect nifty to consolidate within the range of the previous candle i.e. 8672- 8606 and if broke below the range , then expect some reaction to 8556 and 8489 levels.
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