NIFTY: Bullish bullish bullish... TRIN too overbought and bullish at 0.5 and since its not 0.1 yet, the markets can absorb a lot of buying.
Dowjones: ADX and PM of ADX all ticking up though since NM is still above the PM its a SHORT per ADX....we will have to ignore this and see the tick ups in the individual indicators, the MACD says BUY. But there is one problem though, the TRINS are oversold at more than 1 inspite of the rally and thast bearish... there was selling into the rally. So it could just quieten down today no matter what crude does. Who knows.. i could be wrong and there could be a raly but the TRIN does not point to a huge rally there... may be they could retrace by some.
CRUDE: Bearish. |
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