Until now no Bullish Cues from Trin

Tuesday, June 30, 2009 Labels: 0 comments

Until now 10 day SMA trin shows bearishness(raising trin) and today shows a sharp move towards 2.0 i.e still at oversold levels(Delivery based selling zone)

Note : Only falling trin is considered as bullish. Raising Trin is Considered as bearish

Still Now.

1)No Bullish cues from TRIN(Still in raising mode)
2)No Bullish Cue from USD Index(Still remains rangebound)
3)Nifty Bearish Top formation in Weekly Charts
4)Reliance lagging Nifty - A Bearish Factor as per Dow theory if the market leader lags the index

TODAY

Nifty Fut Open Interest up 3.15% with 32% increasing volumes indicates formation of fresh shorts

Posted by SRIKRISHNA TIPS at 11:13 PM

What next?

Related Posts by Categories



0 comments: to “ Until now no Bullish Cues from Trin ” so far...

Post a Comment

Subscribe to: Post Comments (Atom)