Friday, August 24, 2012

NIFTY, finally comming back from the top?

Hi friends, as I posted earlier about NIFTY price making higher high and RSI unable to make higher high thats mean a negative divergence forming, now today it formed the desired divergence! Finally RSI line crossed the red line, I like to go short NIFTY for short term, even IndiaVIX also supporting that may be NIFTY rally is over. What do you say?

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