Daily Line Chart
Daily Chart
Half Hourly Chart
Nifty had a 45 point gain today . After the gap up opening, the entire day was a sideways action with an upward bias. To sum up,
- Gap up action forming a Doji star signalling the possibility of a reversal .Confirmation though would come after tomorrow's action.
- Daily oscillators showing strength. Macd continues up in buy mode, Stochastics is in buy in the overbought zone and Rsi 14 is moving up once again.
- Negative divergences intact in Half hourly oscillators.
- Advance Decline line positive and moving up.
- Put call ratio is moving down which does not support the upmove.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
1 comment:
Hi, I use to visit your page every day.. Keep it up.. good.. Hope Nifty will start profit booking from today.. Target downside : 5200.. Thanks Anandan.R from Chennai.. 9600033869
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