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Moneycontrol.com >> Messageboard >> Market View >> Market Analysis - Technical View >> 21st August
   You are here :     Moneycontrol     MMB    Market View      Market Analysis - Technical View                         Most active discussions of 2006 , 2007 & 2008
21st August (6)   21-Aug-08 08:52Tracked by (0)  
Posted by:   radhika_nandlal on ( 21-Aug-08 08:52 )
NIFTY: TRIN is oversold inspite of the rally which is bearish. ADX and MACD totally bearish on the NIFTY. In fact MACD shows sell divergence. However, the Elder Ray Bull power and bear power favor the bulls. All traders dont use the same indicators or the same time frame so who knows what markets will do. This is just a view.

DOW: TRIN is neutral in keeping with the small gains. Elder Ray bear power has declined favoring the bulls. The MACD and ADX are bearish.

CRUDE: Bullish. The MACD fast line just crossed above the slow line. Caution.
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