Technical Analysis of Indian Equities by Nooresh

Nifty at 5700 very close to oversold RSI levels of 4500/4800 and 5500

NIFTY RSI OVERSOLD

 

-> Nifty which seemed like a correction from 6200 has become a crack all the way to the lower end of RSI

-> At the current RSI levels of 30-31 its very close to similar over sold levels of 5500 and previous bottoms of 4500/4800.

-> Can expect markets to make a durable bottom in coming few days.

 

 

Do read our latest detailed report on – Indian Equity Markets – Its Now or Never

 

http://www.nooreshtech.co.in/2013/06/indian-equity-markets-its-now-or-never.html 

 

 

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Nooresh Merani

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