Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
Nifty is slowly grinding up on weekly basis with no correction of consequence . The indicators in different time frames are showing negative diversions wrt the price movement along with a completion of a wave count . What to expect next -
Markets reacted from apprx. the Resistance zone given in last post of 5380-95. Now the closes after that have been above 5300 and the down sessions have been on comparable lower volumes. The Weekly close has been neutral . Lets check out the probabilities and factors supporting both the causes.
Nifty reacted from the resistance zone of 5225-5265 as seen in the last post . The downside was not much and almost paired the losses completely. Now let us check the probability that may be unfolding in the short term -