Daily Nifty chart entered in highly overbought zone as marked in circles ... Market is moving up but MACD is travelling / moving in horizontal plane is suspicious.the move with normal daily volume too creating doubts. more over the candle is kissing upper bollinger and bollinger band generally repels the move or turn in the direction of move ..so just wait and watch ...
Every higher level brings lot of sellers coz profit booking is necessary in market and now each buyer is seated at 100 point gain in Nifty so who will miss this opportunity ????
5475 nice exit i think ......what do u think ...r u having patience to hold till 5700...???
No comments:
Post a Comment
Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards