Wednesday, April 23, 2014

Daily update 24 Apr

Nifty index bounced during first half of day but declined slightly in the second half. We expected first half bounce but the sideways move in second half raises lot of question about the rally.

Hourly RMA minor has declined again.


Worth noticing is the Supertrend MTF which major trend still bearish.


Trend is surely showing signs of weakening in major trend change window of 22-26th Apr.

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