As expected nifty was very volatile today with a bullish bias.The 50 ema in hourly chart is placed at 11010 level.
A drop below that level should consider aa an invitation to exit long.
Meanwhile RSI in daily ,hourly and 15 minutes have reached 70 level , almost near over bought region.So the possibility of profit booking cannot be ruled out.
As a result taking fresh long positions is not advisable.
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