Nifty opened inline with expectation "So a small rise to overlap with 5674 but not above 5698 and then dip below 5647.95 likely.."
And made a bottom at 5631.80....
As positive divergence is evident (shown in 15 mins chart) and macd attempted above zero, nifty might done the bottom...
Move from 5631.80 to 5691.45 appears as impulse... Move from 5691.45 to 5640.6 though retraced greater than 80% looks labels are questionable...
So cautious is required till nifty crosses 5691.45 on Monday...
And made a bottom at 5631.80....
As positive divergence is evident (shown in 15 mins chart) and macd attempted above zero, nifty might done the bottom...
Move from 5631.80 to 5691.45 appears as impulse... Move from 5691.45 to 5640.6 though retraced greater than 80% looks labels are questionable...
1 comment:
Dear vigneshsiva
Pl see that your homepage displays only your latest post, sothat it takes less time for opening especially on mobiles
Regards
Gopi
Post a Comment