Nifty RSI Crosses 71: Overbought Zone Signals Possible Pullback

Nifty’s RSI crossing above 71 indicates an overbought condition, suggesting the possibility of a pullback or consolidation in the short term. Traders monitor bearish divergence (Nifty making higher highs while RSI makes lower highs) as a potential reversal signal. However, in strong bull markets, RSI can stay overbought for an extended period before a correction occurs.