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Nifty Bank Index

Bank Nifty Spot

Oleh deepgups
It was an Up n Down day for the Market................ However....... I AM CAUTIONING YOU ALL..... BE CAREFUL HEREON. The is a NEGATIVE DIVERGENCE DEVELOPING on Both the Indices, and to my EYE..... WE ARE HEADED FOR A PULLBACK. On NS.... 19450 was what i was watching out for. This will be a Make/Break for Now for the Market. Tomorrow..... should the Indices open with a GAP UP............. BUT.............. if the Divergence Readings DO NOT CROSS OVER the PREVIOUS HIGHS................. BE EXTREMELY CAREFUL.
Wave Analysis
deepgups

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