EOD paints the strangest scenario for nifty futures.
1. double top neat 5170 mark
2. we close at month low
3. we have the single biggest fall since oct'2008
4. we close just at support
5. CCI 3 touch trendline broken
6. divergence on macd
7. divergence on CCI
8. divergence on Histogram
9. divergence on stoch
10. And to top all that, we had a single time frame move where no support was respected whole day... from open to close it was only one direction market....
Other factors are :
dollar terms, we fell over 6% today
INR-USE at 49.25 now... 28 month low... when we touches 50.. its pure sell time...
3 comments:
wowwwwwwwwwww very good observation bro now what is ur view for mkt ahead and what is ur level for accumulating stocks as banks are down from 60%+ from top all safe stock are watching investors to save them???
i think we are playing for 4712 now... 4805 is my tgt on down side.. below which we will see murder...!
Aaj chhuti pe ho kya bhai
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