Nifty Chart analysis

• Nifty daily RSI and price has given good signals lately. Right now RSI is at oversold zone But price is moving around 200 Day SMA.
• Weekly chart shows price at 50 Week SMA and Testing up trend line. If these two holds the RSI long trade can work here. Risk Reward is also looking good, loss can be about 100 points while Reward  if nifty bounces will be more than 300 points. 
• Nothing is certain here as bulls need to do more from the above mentioned support levels.
• Bank nifty chart update: CLICK Here
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