9:16 PM
Nifty Tips
Short term range for Steel is from 24900 to 25200 Steel long November contract opened at Rs 25230 this morning on NCDEX. Prices moved between 25230-25000 during trading session. Steel has remained bearish these days due to technical selling. 14 days RSI is at 48 and it is moving downward. Buying Steel near 24950 levels for short term will be beneficial for intraday traders, while long term investors should take buying position only if prices sustain above 25500.
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