The color of Nifty and Bank Nifty is now in Lev sell mode after break of 5400 and 10600 levels. The color change was expected y'day itself. Read here.
The weekly was already in Lev Sell mode and the index reversing from mid band is a continuation of bearish signal.
Watch the bollinger bands now. Will the lower band at 5220 will be broken? What are the implications if the lower band is not broken? Will post that later.
Here is the action in the hourly charts. See what happens when the breakout from range happens.
The weekly was already in Lev Sell mode and the index reversing from mid band is a continuation of bearish signal.
Watch the bollinger bands now. Will the lower band at 5220 will be broken? What are the implications if the lower band is not broken? Will post that later.
Here is the action in the hourly charts. See what happens when the breakout from range happens.
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