nifty eod(daily) chart.
nifty approaching near rsi and price support/reaction lines as shown on chart.
if these are held then a bounce can be expected say from 4786 or 4764/4790 upward(support lines on price chart), after which it has to overcome the short term falling tline(not shown) to move up.
the rsi support line is quite significant as it marks the major bottoms on nifty price chart formed in march and july 2009.
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