NEGATIVE DIVERSION IN LOWER
INDICATORS: NIFTY WEAK AGAIN
The
NSE Nifty spot closed at 5645 down by approx 0.7% with the normal selling
pressure and volume. if we look in to the lower indicators, Stochastic and MACD
both are making negative diversion which is favorable for long position
holders. Day traders are advised to sell on higher levels. Nifty still closed
above the support and trying to sustain from the selling pressure. This week,
nifty may show more weakness with levels of 5635/5594/5547.
Happy
Trading !!
Megha
Investments & Research Team
0 comments:
Post a Comment