NIFTY 50 future TRENDS

Status
Not open for further replies.
200 dema around 5150 proving strong resistance .Doji and inability 2 break out from the bearish engulfing candle's range shows indecision..Daily oscillators supporting a fall.
Sudoku, agreed about the engulfing bear, but which oscillators are showing weakness ??

OTOH, the stochs have turned upwards from the neutral zone, having spent 5 bars in the OB zone. According to ST in "How to trade with an oscillator", this is a very strong buying signal, if the stochs enter OB zone again.

 
weekly close below 5030 only then Nifty gives bearish signal as per weekly chart
some how market is unwilling to go down(all that negative news) TA gives confusing signals as for trend is concern.. Last week's high 5146 let us see spot holds this tomorrow...
even market to move up it is not going to be blow up rally that is for sure..
i am comfortable trading for the day.
WEEKLY CHART
 
Status
Not open for further replies.

Similar threads