Sunday, January 3, 2010

Nifty Divergences

Calling the Top: Are we there yet:

Following are charts of Nifty, as of now, I believe we are in mood to go down. But, i donot want to jinx just putting in some Divergence to view and on Daily charts, how would like to have some nice gap down tomo say, then could that be a major Island Reversal. Well, dreams dreams and more dreams. Anyhow, we are saying about Divergences, and they are out there.

Check the following charts:


On weekly charts, we see divergence in indicators along with declining volumes on rise, suggesting strength in Index momemtum is fading.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
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