The daily MACD still remains bearish while trading above the signal line.
The 10,050 and 10,090 levels are likely to act as immediate resistance for the Nifty50.
Overall, the Bollinger bands remain nearly 49 per cent wider-than-normal.
Relative Strength Index on daily chart stands at 70.8978 and now trades in overbought zone.
Pattern analysis showed the market is trading well above the trend line drawn from the 9,200 level.
On the weekly chart, RSI stands at 77.0688, and it remains grossly overbought.
9,910 and 9,945 levels are likely to act as immediate resistance levels for the market.
Pattern analysis shows the Nifty50 successfully moved past the rising trend line once again.
The Nifty50 will see the 9,930 and 9,975 levels acting as immediate resistance on Tuesday.
Pattern analysis shows Nifty trading once again above the rising trend line drawn from 9,200-levels.
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