Friday, October 09, 2015

Nifty Chart

yesterdays statement   " 8100 is the key for down side tgt 8000."

                                                                ACTUAL/EXACT LOW 8105.

swing at 8200+.  So, consolidation/retracement profit booking possible. 

                                                             ACTUAL/EXACT HIGH - 8196, 
Retracement/Profit Booking Happened. [negative Closing]

Range bound  for 8100-8200,  Oscillators are at oversold with negative divergence
implies profit booking/retracement/consolidation.  Regular RSI holds above 50 in hourly
chart.  Daily at 57.[not crossed 60]  so 50-60 means always some consolidation happened.

Hourly Chart Negative divergence in RSI implies  some consolidation.

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