Nifty updates for the day

1) Every rise is to be used for selling till the time we are below 40 RSI on daily charts 2) Sentiments are very weak 3) We are also below 40 RSI on weekly charts hence short to medium term is also bearish (i.e. 2-4 weeks is also bearish on charts) 4) For the momentum to change we need to cross above 40 RSI on daily charts 5) Plus, we need to close above 23900 on daily charts for momentum to change. 6) Power stocks are trending due to Crude issue. 7) Focus on power stocks for trading.

All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24