Today Nifty is again moved up and made high 5393.55 but couldn't sustain and came down and close @5357.
Observation : -
On daily Chart, It showing the bearish candle stick pattern as Hammer at the top which was usually reversal point of the upmove rally.
Similarly as yesterdays said, there was strong -ve divergence shown in the RSI and MACD indicator.
This predicts to me that Nifty will start move down from here.. Let us watch ...
Observation : -
On daily Chart, It showing the bearish candle stick pattern as Hammer at the top which was usually reversal point of the upmove rally.
Similarly as yesterdays said, there was strong -ve divergence shown in the RSI and MACD indicator.
This predicts to me that Nifty will start move down from here.. Let us watch ...
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