Nifty Analysis : 27 May 2019

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Hello Friends,

Today, Nifty opened positive and continued the up-move.
Nifty opened at 11851 and closed at record high of 11924.
During the day it has touched low of 11813 & high of 11957.
This has formed in a Bullish candle for 2 consecutive days on daily chart.
One of the important indicator RSI (14) has also moved above 60 which is also signaling bulls are active.



Conclusion:
For tomorrow, More upside towards 12000 resistance levels can be expected if nifty moves and sustains above 11960.


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Disclaimer: I am not SEBI Registered analyst. All above analysis are just for study purpose.
I am not responsible for any gain or loss arising out of trades taken based on the study shared above.
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Location: India

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