Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Nifty on Tuesday ended 27 points higher to form a small positive candle on the daily chart while consolidating in a range between 22,400-22,600 levels. The index continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 56.38 is rising and not overbought, which is encouraging. The … Read more