Monday, December 28, 2009

Nifty Indicators and Technicals

Nifty 15 min Chart shows

5EMA (High Low) Indicator : Down
Support Resistance Indicator : Down
KPL(2 Day) Breakout Swing Indicator : Down
KPL(5 Day) Breakout Swing Indicator : Bullish but approaching towards 5165.
NMA Indicator : Bullish but approaching towards 5168
Price ADX Indicator : Down
Harmonic Pattern : Bearish on 23-12-2009

Nifty daily Chart shows

5EMA (High Low) Indicator : Crosses 5EMA High (Resistance but now support of Nifty) 5115 and staying at 5178
Support Resistance Indicator : Bullish but unable to stay above 5182
KPL(2 Day) Breakout Swing Indicator : Bullish
KPL(5 Day) Breakout Swing Indicator : Bullish.
Advance Trend Line Indicator : Bullish but unable to stay above 5191
NMA Indicator : Bullish
Price ADX Indicator : Bullish

Nifty Technicals

Daily RSI (14 Day) : 60.23 Bullish
Trin : 2.87 Bearish
RSI 2 : 93.5 Bullish but indicates overbought zone.
ADX(14) : 41 Gaining momentum
MACD : Positive Divergence.

Now what will happen tomorrow? Guess and comment.

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