Nifty - 7th Sep

New 15-month high made!

The closing has been way above the 8, 10 and 50-day Moving Averages.

The 14-day Positive Directional Index (DI+) has grown stronger by 1 while the Negative Directional Index (DI has weakened by 1.

12-day Rate of Change is stronger at 7.4%.

The 3, 10-day Moving Average Convergence Divergence is at 58.

The closing candle is well above the Ichimoku Kinko Hyo cloud.

However, the 2-day RSI index is at 99.3%. Maybe the market will take a breather before heading to 4905.

Sit back, Relax and Enjoy!

Comments