Daily nifty chart ..analysis indicating that profit booking is Beneficial
candle ..red ..indicating that bearish sentiment is developed ...now bulls are taking positions below lower levels ..
volume ...were less due to traders are still in hope that they will sell at higher prices . but finally bears able able to hold in red zone..
acc disstri..just turned slightly .downside ..indicating profit booking started.
cci cmf going down
GMMA converging
MACD .Histogram ..red ..and giving sell signal ,as its height is decreased
MFI at 80% ..indicating profit booking zone and pointing downside indicating money drainage started
RSI .W%R and stochs..turning to south east ....and when all indicators are pointing that Bulls are weak here ....then who will support them ....
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