Hmm...so what from here on...wether NIFTY will move up or down?? whats goin to happen next...as always predicting NIFTY movemnet is really diffcult but let us look at the 4 indicators mentioned in the pervious post...(Also refer to previous post for the chart)
Bollinger Band If we look at the bollinger band we can see that the candle sticks havent touched the lower boundary of bollinger band so there are chances of NIFTY falling further from current levels. But bollinger bands alone cannot be taken for purpose of prediciton
RSI RSI line has touched the 50 mark line. Now there are 2 possibilities either NIFTY will bounce back from here or if RSI cuts the 50 mark line and moves downwards there will be further fall in NIFTY. So for a clear picture its better to wait fro one more day...then it will become a bit easy to predict the NIFTY movemnets for next 3-4 days...
MACD MACD line is moving down..also it has come very close to 50 mark line...so here again its better to wait for one more day....
Slow Stoichastic Here %K line is very close to 20 mark line and if %K line cuts this line then NIFTY shoud move up...So here again its better to wait for 1 more day
Well if we wait for one more day the picture will be clearer :-)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment