Today's Opening - 4977
Today's High - 5036
Low - 4977
Today's Closing - 5020
Previous Day's Opening - 4964
Previous Day's High - 4981
Previous Day's Low - 4932
Previous Day's Closing - 4976
New 52-week high, with volumes lower than the previous two days.
The 2-day RSI index has been above 98% for the fourth day in a row.
The Commodity Channel Index has been above 100 since 7th Sep.
However, the closing has been above the 5-day Exponential Moving Average.
The Positive Directional Index has grown stronger while the Negative Directional Index has become weaker.
The 3, 10-day Moving Average Convergence Divergence has risen again.
The 12-day Rate of Change is strongest since 3rd Aug.
Thus, if the Nifty can remain above 4978 for the next few sessions, then 5167 is sureshot. I think 5167 will be achieved only next week as the market might try to consolidate at the current levels before going for the next upmove.
Today's High - 5036
Low - 4977
Today's Closing - 5020
Previous Day's Opening - 4964
Previous Day's High - 4981
Previous Day's Low - 4932
Previous Day's Closing - 4976
New 52-week high, with volumes lower than the previous two days.
The 2-day RSI index has been above 98% for the fourth day in a row.
The Commodity Channel Index has been above 100 since 7th Sep.
However, the closing has been above the 5-day Exponential Moving Average.
The Positive Directional Index has grown stronger while the Negative Directional Index has become weaker.
The 3, 10-day Moving Average Convergence Divergence has risen again.
The 12-day Rate of Change is strongest since 3rd Aug.
Thus, if the Nifty can remain above 4978 for the next few sessions, then 5167 is sureshot. I think 5167 will be achieved only next week as the market might try to consolidate at the current levels before going for the next upmove.
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