Nifty has formed a rising wedge in Daily graph which is a bearish pattern to develop. Trades near resistance line around 5500. Breakdown below 5350 would signal a downtrend ahead, at least for short-term.
RSI is showing negative divergence –14-Day RSI shows lower highs against higher tops in Sensex which is a bearish divergence. Any time such divergence is seen Caution is advised as prices may
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