Nifty Update for May 30 - Close Watch on RSI - Inder Bhatia

The Indian market closed in the red. The gap-up opening touched 4950 resistance, and the market saw a U-turn. In the final trading session, the Nifty was down 85 points. 4800-4775 is crucial support on the upside, where 4950 will act as strong resistance. On the hourly chart the Nifty has made a low but RSI was inching up.

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