Long or Short Opinion
- Thread starter rajputz
- Start date
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BankNifty is giving me sell signal through every indicators, other then volumes. The volumes are increasing everyday and the candle is closing near the highs, like accumulation process is underway, otherwise CCI is down, Cowbunga, Stochastic RSi are giving a fall. Lower pivot are also broken. Although i am bullish, but be cautious on Banknifty before going bearish.
I was just playing with the trendlines and suddenly drew it on NIFTY FUTURE. Look what i got. These primary and secondry trendlines are made on Nifty Future, and The price chart is Logarithmic. If this trend line holds then can we see trendreversal to upside now????
What happens at the top is happening at the bottom. At top, the selling comes in at the end, resisting the upmove, simmilarly here, buying comes in at support resisting downtrend.
Untill now at 10:23 Pm these are the foriegn market : -
Dow
10,781.51 -86.61 (-0.80%)
S&P 500
1,153.73 -12.14 (-1.04%)
Nasdaq
2,375.10 -27.19 (-1.13%)
God knows what comes next tomorrow.
What happens at the top is happening at the bottom. At top, the selling comes in at the end, resisting the upmove, simmilarly here, buying comes in at support resisting downtrend.
Untill now at 10:23 Pm these are the foriegn market : -
Dow
10,781.51 -86.61 (-0.80%)
S&P 500
1,153.73 -12.14 (-1.04%)
Nasdaq
2,375.10 -27.19 (-1.13%)
God knows what comes next tomorrow.
- Status
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