Until now 10 day SMA trin shows bearishness(raising trin) and today shows a sharp move
towards 2.0 i.e still at oversold levels(Delivery based selling zone)
Note : Only falling trin is considered as bullish. Raising Trin is Considered as bearish
Still Now.
1)No Bullish cues from TRIN(Still in raising mode)
2)No Bullish Cue from USD Index(Still remains rangebound)
3)Nifty Bearish Top formation in Weekly Charts
4)Reliance lagging Nifty – A Bearish Factor as per Dow theory if the market leader lags the index
