April 7, 2017

NIFTY Weekend update

  • Nifty week shows a negative candle. This needs confirmation though in the following weeks.
  • Weekly chart also shows Negative divergence.
  • But bears May not expect big returns unless price fall below 8900 levels. Month chart shows Bulls making New high's. So bears need price to fall back below 8900 levels on closing basis which will confirm the current move as just a spike above new high's.