Trin Dips below 1 a bullish signal for short term also find the fibonnaci charts for Sensex. Next resistance comes near 16282.64(61.8% Retracement) and supports near 14700 levels(50% Retracement). Just maintain cautious if once again sensex dips and closes below 14700 levels
Related Readings and Observations
Nifty turns to Sell Mode Nifty is in sell mode on daily charts. Resistance comes near to 6123-6130 zone. Also nifty ends below 5 EMA line on weekly basis- Modified Illango Strategy – Amibroker AFL code This AFL is dedicated to Mr Illango ( Author of Just Nifty ) and its followers. The AFL presented here is the modified version of 35 Bar Stochastics. And some custom changes to eliminate […]
- Nifty Futures Breakout Failure at All-time High Nifty Futures last Friday tested all-time high, however, breakout failure is seen at an all-time high which is immediate weaker sentiment.
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