Nifty is trading at day’s low of 11,269, having faced rejection at the trendline connecting October 2018 and Feb 2019 lows.
With reliance industries charting a head-and-shoulders breakdown, Nifty looks set to extend losses further to 200-day MA lined up at 11,132.
Daily indicators how there is little out there that can bring cheer to the bulls.
(Click on image to enlarge)
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