Neutral!!
Date: 20th
September 2015
Nifty last closing price: 7981.90
Daily chart (Medium - Intermediate trend)
Figure 1 is 10 box P&F
chart plotted with daily closing prices.
·
Last Pattern: Double top buy after 100% Pole (Bullish)
·
Last Column: Bullish
·
45 degree trend: Bearish
·
Active counts: 7480, 8180
1 Min Chart (Short term trend)
Figure 2 is 5 box P&F chart plotted
with closing prices of every minute.
8110-8120 are important levels on the higher side
whereas 7840 and 7790 is the reference zone on the lower side.
Figure 3 is X-Percent P&F Breadth indicator of
Nifty. Current reading of 72% is indicating overbought zone in near term.
- Prashant Shah, CMT, CFTe
Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.
All information provided above is for general information purposes only and does not constitute any investment advice. The readers of this material should take their own professional advice before acting on this information.
No comments:
Post a Comment