If history repeats itself then Nifty is on taking a deep correction. Situation is very similar to once develped tecnically on around Januray 2008. At that time also, Nifty pulled back from a deep correcction went up to 61.8 % retrechment and again correction. RSI, Slowstoch and Willioam % were all showing similar reading and that too after reaturning from oversold level.
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