September 2, 2010

Nifty time frame analysis

WEEKLY CHART
DAILY CHART
HOURLY CHART
  • Nifty weekly chart is showing negative divergence
  • Daily chart stochastic is showing momentum towards upside. If stochastic enters the overbought zone before price reaching the recent high chances of a break down is high.
  • Nifty futures hour chart is also showing negative divergence.

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