Wednesday, September 15, 2010

Nifty Daily chart with analysis

Daily Nifty chart trading in highly overbought zone..
just compare  MACD  with Nifty level  ...when nifty was at 5376  the height of MACD and now at 5860   height of  red ( slow )  MACD ... it is still down ...clearly indicating that bubble may blast at any time...
RSI and William% R..CCI are indicating overbought zone..

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