March 30, 2011

Nifty Futures Intraday update

  • The channel and Cloud chart shows strength of this uptrend. Bears are being stretched to the limit.
  • Last chart shows divergence with MACD, I showed this one yesterday too and it is still diverging but without any reaction from price a short trade may not get triggered.
  • Unless key Moving averages are not broken this trend will continue like this.

No comments:

Post a Comment