Back After A Gap

Hey..I am back after almost a gap of 10 days...these colleges xam kept me busy...Newaz..lot have happened in these 10 days...And things didnt go as i predicted..So i need to learn a lot..which means lota work left....Looking at the current NIFTY charts:

Base Chart Source:  www.icharts.in

If we llok at the 2nd Last Graph..i.e. The MACD graph... We see that the MACD Line(red line) is cutting blue line form above i.e. moving down while the markets are moving up, So there is divergence. Which indicates market might fall after going up a bit from current levels.

Also the last graph (RSI chart) indicates that teh line is going up and is about to cut 70 mark. When the line will cut 70 mark it indicates overbought position ans markets will fall from there. That is a lil bit up movemnets form current levels is expected in market.

I will not predict any levels now..as i need to learn a lot before predicting any levels.

Also when i say markets will fall...it dosent mean that a huge fall will be there...but a sort of correction will take place.. As the long term trend for market is bullish...