Sunday, May 10, 2009

Nifty 4hr chart - RSI developing +ve divergence.


EOD chart is showing negative divergences. But there are many supports down ward. RSI on 4 hour chart of nifty is developing some +ve divergences, which can provide some buoyancy on monday. ( Dow effect? )
Posted by at
Labels: , ,

2 comments:

  1. sanketMay 10, 2009 at 11:27 AM

    yep not at all a cake walk for bears infact if the fall whenever and if it comes, stops at 200 points then bulls will be strenghtened

    ReplyDelete
  2. M J AMay 10, 2009 at 1:36 PM

    In almost 2/3rd of the chart there's negative divergence, still the market rose!

    ReplyDelete

Subscribe to: Post Comments (Atom)