shorted at close SPOT 2772...
saw a "twinkle" in RSI chart 1min & 5min
stop above SPot 2800...
AAVIJAO
"twinkle" is nothing but bearish divergence visible in 5min chart.
Also, at close, RSI in 60min chart is at 64.... but what i find more "attractive" is the bearish crossover of slow stochs above 80
now, these technical indicators are known to be little lagging in effect....
we MAY have an immediate gap down open or drift down after gap up open...
but i have two MATADORS, besides these technical indicators
1. 62% retracement (as mentioned in morning post) = SPOT 2790
2. Unfilled gap resistance of 20-Jan gap down at FUT 2780-2803
now what, does it want to fill the gap at 2803-2780...??
dekhte hain zor kitna baazue kaatil mein hain!!!