10 day SMA of TRIN at 1. If trin shoots above 1 then more bearishness in future.
However respecting 1 and if trin start declining from here… then possibly trend
reversal could happen in short term.
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Nifty Trend Update for 22nd Jan 2009
Nifty negative trend contiues with resistance at 2779Falling RSI-2 also suggest the same.Still Poor Advance - Decline ratio : 7:43Trin : Changes from Bullish to bearish […]
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