Nifty breached the trend line resistance but could not sustain,
New Update
BY A STAFF REPORTER
Nifty breached the trend line resistance but could not sustain, because at the time it breached the daily RSI reached 77, which was not supposed to sustain, as we expected. Now it is falling, meaningful support is 20DMA and Fibo level at 17350-17333. In worst case 17000-16950. Dollar Index is firm which is dragging down global markets. Friday's Jackson hole meet is crucial.
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