Moneycontrol.com >> Messageboard >> Market View >> Market Analysis - Technical View >> Nifty Technicals for 26 nov 2009

geniusjaggu

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Nifty trin(Daily):. 3.3(bearish) Trend Indicators:.MACD:.Bullish RSI:.Bullish ADX:.B... Read full message

8.26 AM Nov 26th 2009 | Track

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geniusjaggu

Platinum Member

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Nifty trin(Daily):. 3.3(bearish)
Trend Indicators:.MACD:.Bullish RSI:.Bullish ADX:.Bullish
Overall JEF (Jaggu Emotional Factor):.tgt for nifty today is 5170

8.26 AM Nov 26th 2009

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Abhinandant
n

Gold Member

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Hi Jaggu,
I`m not questioning ur TA, but i dont agree that today`s target is 5170, i expect nifty to open GAP down and give a sense of further down side to make light hearted bulls to book loss and all of a sudden rise in the later half but i feel maximum upside will be around 5150 not more than that

9.05 AM Nov 26th 2009

radhika_nan
dlal

Platinum Member

2671 Followers

genius,

Thanks. Okay so you are bullish. My excel says Volatility with a bearish bias.

9.19 AM Nov 26th 2009

radhika_nan
dlal

Platinum Member

2671 Followers

agree that the RSI, MACD, ADX are all bullish for the NIfty but check its distribution.

The oversold TRINs may lead to shortcovering.. but will we sustain?

Based on distribution and bollinger bands i am bearish.

9.21 AM Nov 26th 2009 |