Nifty’s RSI has dropped to 39 which made the DIIs bullish.
While the markets slid by 28 points today Nifty has been sliding for last 3 days while the markets seem to be bearish but DIIs which consist of Mutual funds and other large financial institutions changed their net position after almost a month.
For monday key Level’s are.
Achilles Heel Of 12,000
Markets have been getting nervous at the post 12,000 and haven’t been able to be confident enough move past the point as the FII have been clearly visible in the negative mood for last 3 days as the elections in the US come close there is a lot of uncertainty surrounding the rise in cases and its correlating lockdowns in europe.