Nifty finally ended with a net loss of 134.55 points, or 1.12 per cent, on a weekly note.
Friday’s session may see a tepid start, with 12,065 and 12,110 levels acting as resistance.
The RSI stood at 59.26 and stayed neutral, showing no divergence against the price.
Wednesday’s session is likely to see 12,065 and 12,130 levels act as resistance points.
Tuesday’s session is likely to see 12,105 and 12,170 levels act as resistance.
The RSI stood at 61.24 and stayed neutral, showing no divergence against the price.
The market is expected to see some rise in volatility in the coming week.
Friday’s session is likely to see a positive follow-through move in the initial trade.
The RSI on the daily chart stood at 66.77 and showed a bearish divergence against the price.
The 12,100 and 12,137 levels will act as immediate resistance points on Wednesday.
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