Day Trading Stocks & Futures

Nifty showed a positive divergence in RSI on hourly charts. A bounce back on cards?? If the nifty closes the week above 10180, it could go on to make a new high. Though too early to be certain about it and the previous line is the caveat. Any take on NIFTY?
 
again the hourly charts are showing positive divergence. Daily Stochastic is also at a point from where its always bounced in the past. One should be careful with shorts here. There is a bounce back on the cards it would seem though looking at the global screen one cant understand how.
 

Raj232

Well-Known Member
again the hourly charts are showing positive divergence. Daily Stochastic is also at a point from where its always bounced in the past. One should be careful with shorts here. There is a bounce back on the cards it would seem though looking at the global screen one cant understand how.
when the market is falling many traders look for positive divergences, etc which may or may not be visible to all.
Maybe if you could post a chart as markets are currently looking like they are in freefall. o_O .. only thing coming to my mind is whether it will gather speed to the downside ? :nailbiting::nailbiting:
Also tomorrow (7-Dec) may be heading for a gap down + more red day in 1st half (at least).
 
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when the market is falling many traders look for positive divergences, etc which may or may not be visible to all.
Maybe if you could post a chart as markets are currently looking like they are in freefall. o_O .. only thing coming to my mind is whether it will gather speed to the downside ? :nailbiting::nailbiting:
Also tomorrow (7-Dec) may be heading for a gap down + more red day in 1st half (at least).
ok. will try to do it.
 

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