RSI is still in +ve zone, Stoch has turned down target 5155

Lead indicator has turned down

 RSI level suggests that still it is in positive zone has to enter negative zone. Stochastics levels are suggesting that market has already broke down from overbought zone and turned negative but prices has to confirm. At this point NS will try to defend 5183 which is the lowest of this series so far and breaking of that level will give 5155 a support. NS may test 5092 which is month JNSAR also in this series. But if NS holds day pivot 5233 then more upside is possible up to 5270-75 level. If NS breaks 5183 then 5171(which is the fall from 5430-5171 in past) then a target may be more downwards to 5155-5147-5136-5092.


TT Data has been updated.

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