Today's Opening - 4985
Today's High - 4994
Today's Low - 4931
Today's Closing - 4959
Previous Day's Opening - 4977
Previous Day's High - 5017
Previous Day's Low - 4904
Previous Day's Closing - 4987
Lower closing, with volumes lower than the previous day. However, the low has been higher than the low for the previous day.
The 20-day Commodity Channel Index has been below 100 for the past two days.
The 14-day Positive Directional Index is the weakest since 14th Sep.
The closing has coincided with the 5-day Exponential Moving Average.
The 3, 10-day Moving Average Convergence Divergence is the lowest since 4th Sep.
The 12-day Rate of Change is the lowest since 14th Sep.
However, the 2-day RSI index is at 36% and the closing candle has been way above the 13-day, 16-day Ichimoku Kinko Hyo cloud.
Thus, if the Nifty can remain above 4931 for the next 2-3 sessions, then it can breach 5036 and move even higher, otherwise 4786 very much seems possible.
Today's High - 4994
Today's Low - 4931
Today's Closing - 4959
Previous Day's Opening - 4977
Previous Day's High - 5017
Previous Day's Low - 4904
Previous Day's Closing - 4987
Lower closing, with volumes lower than the previous day. However, the low has been higher than the low for the previous day.
The 20-day Commodity Channel Index has been below 100 for the past two days.
The 14-day Positive Directional Index is the weakest since 14th Sep.
The closing has coincided with the 5-day Exponential Moving Average.
The 3, 10-day Moving Average Convergence Divergence is the lowest since 4th Sep.
The 12-day Rate of Change is the lowest since 14th Sep.
However, the 2-day RSI index is at 36% and the closing candle has been way above the 13-day, 16-day Ichimoku Kinko Hyo cloud.
Thus, if the Nifty can remain above 4931 for the next 2-3 sessions, then it can breach 5036 and move even higher, otherwise 4786 very much seems possible.
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