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Episode Synopsis "Trade setup for Tuesday 11, February 2020"
Trade setup for Tuesday 11, February 2020 Today also we an see slow start like yesterday and nifty is likely to be in consolidation phase and volatility is expected. The Relative Strength Index (RSI) on the daily chart show below 50 which means nifty is in bearish trend however if we look on hourly chart we see some pull back from this level but that wont sustain for long as over all trend seem to be negative. There are possibility nifty start in positive as global market data is positive today but we have to closely watch nifty to close above 12,070 for making any upside view. If nifty manage to close above this level we can see nifty remain above this and trade in green through out the session. But if nifty goes further down and give closing below 11,990 then nifty my continue to be in down and will close in red in consecutive third session.
In God we trust